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The rhetoric of Friedman's quantity theory manifesto [PDF]
Journal of Economic Methodology, 1997 Friedman's 1956 essay, ‘The Quantity Theory of Money: A Restatement’, in his Studies in the Quantity Theory of Money should be read in the context of the prevailing Keynesian consensus of the time. His primary task had to be to convince economists to reconsider this theory.
exaly +5 more sources
İstanbul İktisat Dergisi, 2021 This study tests the validity of the quantity theory for cryptocurrencies. They have been on the agenda of financial markets in recent years, and they are perceived as a new type of money. Considering the historical development of money, the emergence of
Seren Fırat, Esat Daşdemir
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Is Quantity Theory Still Alive? [PDF]
SSRN Electronic Journal, 2010 This paper investigates whether the quantity theory of money is still alive. We demonstrate three insights. First, for countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best. Second, the fit markedly improves, when correcting for variation in output growth and the opportunity cost of
Teles, Pedro, Uhlig, Harald
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A connection between the consumer theory and quantity theory of money
Mises, 2022 This essay shows a connection between consumer theory and quantity theory of money, inspired by Richard Cantillon's approach, in which changes in the money stock influence price levels, characterizing the elasticity of the money supply in relation to ...
Tito Belchior S. Moreira
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Early marginalist ideas on money
Erasmus Journal for Philosophy and Economics, 2013 The quantity theory of money (QTM) is an important building block of neoclassical economics. This has led scholars to believe that all monetary accounts proposed by marginalist economists are inherently based on the QTM.
Germán D. Feldman
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Pallas, 2015 For the lack of texts on the subject, studies in monetary history necessarily rely on numismatics. However, when it comes to grasping the temporal dimension of monetary phenomena, traditional numismatic methods appear lacking. Drawing mainly on data from
Stéphane Martin
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The Quantity-Orientation trace in Noldeke's theory of descending order [PDF]
تحقیقات علوم قرآن و حدیث, 2018 Noldeke’s theory of “descending order” is one of the most important views among Orientalists and his own, which, due to being detailed and having influence on other Orientalists’ Quranic studies, has ascended to a special position in the field of Qur ...
mohsen nouraei, Javad Salmanzadeh
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Vecchia e nuova scuola di Chicago
Moneta e Credito, 2014 This paper traces the evolvement of monetary-policy proposals at Chicago from the early 1930s up until the appearance of Friedman’s classic “Restatement” of the quantity theory in 1956.
G.S. TAVLAS
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The theory of money in France since 1945
PSL Quarterly Review, 2014 While the most interesting contributions to the theory of money over the past thirty years have arguably been the work of British or Swedish economists, it would not be fair to pass over less striking ventures and fail to to point out the traditional ...
E. JAMES
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The Achille’s heel of Prof. Friedman’s counter-revolution
PSL Quarterly Review, 2014 The article considers Milton Friedman’s counter revolution in monetary theory. In effect, this counter-revolution starts with a reaffirmation, supported by an up-to-date re-elaboration, of the ultra secular quantity theory as far as this theory gives ...
A. GAMBINO
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