and went on to study institutions, helping to establish the New Institutional Economics. His political theory evolved with … influences from Marxism and Public Choice Theory and is reflected in his work in the 1980s. His directorship at the Center in …

Chicago ideas about monetary economics. He is correct to locate these documents in a more general quantity theoretic tradition … studies of The Economics of the Recovery Program, a point which he himself notes, is a major contributing factor to that book …'s mediocrity. -- Chicago tradition ; quantity theory ; forced saving ; depression …

–“natural rate theory”- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the “natural rate theory,” focusing on labor market institutions only and … confronts the economic trends with the interpretations of the “natural rate theory” and argues that they hardly fitting the …

matter of course that economics should become a natural science. Such a characterization misses an essential aspect of a …