Studies in the Quantity Theory of Money - Softcover

Milton Friedman; Phillip Cagan; John J. Klein; Eugene M. Lerner; Richard T. Selden

Softcover

ISBN 10: 0226264068 ISBN 13: 9780226264066

Publisher: University of Chicago Press, 1956

Synopsis

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)

About this edition

• Publisher: University of Chicago Press
• Publication date: 1956
• ISBN 10: 0226264068
• ISBN 13: 9780226264066
• Binding: Paperback
• Edition number: 1
• Number of pages: 265
• Editor: Milton Friedman