Was the Monetarist Tradition Invented?

Article OPEN
George S. Tavlas;
  • Journal: Journal of Economic Perspectives,volume 12,issue 4 Fall,pages211-222
  • Related identifiers: doi: 10.1257/jep.12.4.211
  • Subject:
    • jel: jel:B22 | jel:E50

In 1969, Harry Johnson charged that Milton Friedman 'invented' a Chicago oral quantity theory tradition, the idea being that in order to launch a monetarist counter-revolution, Friedman needed to establish a linkage with pre-Keynesian orthodoxy. This paper shows that th... View more
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