Studies in the Quantity Theory of Money
ISBN-13:
9780226264066
ISBN-10:
0226264068
Edition:
First Edition
Author:
Milton Friedman, John J Klein, Phillip Cagan, Eugene M. Lerner, Richard T. Selden
Publication date:
1956
Publisher:
University of Chicago Press
Format:
Paperback
265 pages
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Book details
ISBN-13:
9780226264066
ISBN-10:
0226264068
Edition:
First Edition
Author:
Milton Friedman, John J Klein, Phillip Cagan, Eugene M. Lerner, Richard T. Selden
Publication date:
1956
Publisher:
University of Chicago Press
Format:
Paperback
265 pages
Summary
Studies in the Quantity Theory of Money (ISBN-13: 9780226264066 and ISBN-10: 0226264068), written by authors
Milton Friedman, John J Klein, Phillip Cagan, Eugene M. Lerner, Richard T. Selden, was published by University of Chicago Press in 1956.
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Description
This work provides a systematic statement of the theoretical position of the Chicago school on monetary economics. Milton Friedman restates the quantity theory of money and discusses the significance of its revival after a period of eclipse by the Keynesian view. Four empirical studies by Phillip Cogan, John J. Klein, Eugene M. Lerner, and Richard T. Selden are provided in support of the theory. The four studies...of inflation during and after the world wars and in the U.S. over the past century...show a striking regularity in economic response to monetary change. They will be of particular interest to monetary theorists, to empirical investigators in this area, and to economic historians and theorists generally. CONTENTS: The Quantity Theory of Money...A Restatement (Friedman) * The Monetary Dynamics of Hyperinflation (Cagan) * German Money and Prices, 1932-44 (Klein) * Inflation in the Confederacy, 1861-65 (Lerner) * Monetary Velocity in the United States (Selden)
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