The paper is concerned with the economic theory of Milton Friedman. First part outlines the life of Milton Friedman …. Second part examines his economic theory – “Essays in Positive Economics” (1953), “Studies in the Quantity Theory of Money …“ (1956), „A Theory of the Consumption Function“ (1957), „A Program for Monetary Stability“ (1959), „A Monetary History of the …

measures have also loomed over the global recession. This paper highlights the theoretical fallacies of monetarism and analyzes …

fiscal theory of the price level, but we do not find supportive evidence. The results suggest that the risk of a debt …

Monetarism is that solid microfoundations are critical for understanding monetary issues. We survey recent papers on monetary … theory, showing how they build on common foundations. We then lay out a tractable benchmark version of the model that allows …

. It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into … which Keynesianism had pushed it, RE-NC modelling was responsible for that theory’s most recent disappearance. This happened … despite the fact that, initially, RE-NC economics appeared to be a mainly technical extension and refinement of Monetarism …

the cornerstone of monetarism-the quantity theory of money-is no longer used by central banks in practice. Instead, modern …This paper argues that De Long's (2000) announcement of "the triumph of monetarism" is misplaced on the grounds that … framework that can be traced to chapter 21 of Keynes's (1936) General Theory. This paper discusses the implications for future …