THE RHETORIC OF FRIEDMAN'S QUANTITY THEORY MANIFESTO

Thomas Mayer

Department of Economics from California Davis - Department of Economics

Abstract: In 1956 when Friedman published his "The Quantity Theory of Money: A Restatement" he faced a daunting task because of the widespread hostility to the quantity theory. This paper looks at the rhetoric (in the non-pejorative sense of the term) that he used to overcome this obstacle, and at some of the characteristics of the essay that contribute to its persuasiveness.

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Related works:
Working Paper: THE RHETORIC OF FRIEDMAN'S QUANTITY THEORY MANIFESTO (2003)
Journal Article: The rhetoric of Friedman's quantity theory manifesto (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:caldec:97-01

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