Title Milton Friedman's monetary framework : a debate with his critics / edited by Robert J. Gordon ; Milton Friedman ... [and others]

Published Chicago : University of Chicago Press, 1974

Copies

Location	Call no.	Vol.	Availability
MELB	332.401 M662		AVAILABLE

Description xii, 192 pages ; 24 cm regular print Contents Machine derived contents note: Dedication Introduction A Theoretical Framework for Monetary Analysis Milton Friedman Friedman's Monetary Theory Karl Brunner and Allan H. Meltzer Friedman's Theoretical Framework James Tobin A Keynesian View of Friedman's Theoretical Framework for Monetary Analysis Paul Davidson Friedman on the Quantity Theory and Keynesian Economics Don Patinkin Comments on the Critics Milton Friedman References Contributors Index Summary In response to widespread interest in a formal complete statement analyzing aspects of the money-income relationship and clarification of his quantity theory, Milton Friedman in 1970 published "A Theoretical Framework for Monetary Analysis," and a year later "A Monetary Theory of Nominal Income," both in the Journal of Political Economy. A combined version of these essays, first published by the National Bureau of Economic Research, begins this volume. Because his statement was important and controversial both as a commentary on the history of economic thought and as a theoretical contribution in its own right, the Journal of Political Economy in 1972 presented critical reviews from noted monetary theorists, including Karl Brunner and Allan H. Meltzer, James Tobin, Paul Davidson, and Don Patinkin. Their studies, which are printed in the present volume, focus on substantive issues, covering a variety of topics. All of their major points are discussed in Friedman's reply, which clarifies and expands upon his original themes and introduces interesting new material. Thus the synthesis of his two articles, the critical comments, and his response, together with an introduction by Robert J. Gordon, are combined in one volume for the convenience of scholars and students Analysis Money Quantity theory of money Monetary system Theories Readings Notes Includes index Bibliography Bibliography: pages 178-185 Subject Friedman, Milton, 1912-2006. Theoretical framework for monetary analysis Friedman, Milton, 1912-2006. A theoretical framework for monetary analysis Money. Quantity theory of money. Author Friedman, Milton, 1912-2006. Gordon, Robert J. (Robert James), 1940- LC no. 73092599 ISBN 0226264076 0226264084 (paperback)

  Permalink