Milton Friedman's contributions to and influence on macroeconomics are discussed, beginning with his work on the consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 Keynesian consensus in the area. His inter-related...

The quantity theory of money was associated with the politics of the right in the '70s and '80s, but a century earlier, particularly in America, it had played an important part in the proposals of the Progressive left. These political associations are examined, and it is argued that a crucial...

Milton Friedman is rivaled only by John Maynard Keynes as the most influential political economists of the 20th Century. His approach was that of a classical liberal, rather than a conservative, though this put him on the political right in the United States. Friedman's work demands to be...

James Ahiakpor's critique of our 2002 work on the relationship between a certain 1932 Harvard Memorandum on anti-depression policies and the 1932 Harris Foundation Manifesto dealing with the same issues misses the significance of these documents, and of the relationships between them, both for...

We motivate and provide an overview to New Monetarist Economics. We then briefly describe the individual contributions to the Macroeconomics Dynamics special issues on money, credit and liquidity.

Die monetaristische Geldtheorie gesteht zwar dem Geld als Luxusgut einen eigenen Nutzen zu, gelangt aber erst durch eine kritische Synthese mit der keynesianischen Liquiditätstheorie des Zinses zu sinnvollen Ergebnissen. Sowohl Milton Friedmans Idee, das Wohlfahrtsoptimum durch eine Deflation...

Este trabajo fue escrito por alguien que nunca pisó la universidad de Chicago, y estudió en Harvard. Quienes dedican sus energías a pegarle a los economistas encuentran facilitada su tarea en el caso de la universidad de Chicago. No solamente porque fue fundada por un Rockefeller, y contó...

The last 20 years have seen severe macroeconomic instability in Britain, with three extreme and highly damaging boom-bust cycles. Professor Tim Congdon, one of the City's most well-known commentators, has been an influential critic of successive governments' failures in economic policy...