 Монетаристко развитие на теорията на търсенето на париMonetarist development of the money demand theoryMPRA Paper from University Library of Munich, Germany Abstract: This article suggests a possible approach to the explanation of the monetarist money demand theory and the related policy implications in the teaching of History of economic thought. For the purpose of better understanding Milton Friedman’s contribution the emphasis is put on the conceptual development from the classical quantity theory of money, through the Cambridge cash-balance approach, Walras’ „encaisse désirée“, Keynes’ liquidity preference to the monetarist restatement of the quantity theory of money and its implications for other key economic problems like the causes of inflation and the methods for reducing the unemployment. The discussion is introduced with a short note on Friedman’s life and work and concludes with an analysis of the inferences and recommendations for the economic policy derived from the theoretical arguments. Keywords: Monetarism; Friedman; Keynes; quantity theory of money; money demand; permanent income hypothesis; theory of nominal income; liquidity preference; Cambridge cash-balance approach (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:56694 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.