IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-50580-3_34.html
   My bibliography  Save this book chapter

Milton Friedman (1912–): Monetarism and its Critics

In: A Concise History of Economic Thought

Author

Listed:
  • Gianni Vaggi

    (University of Pavia)

  • Peter Groenewegen

    (University of Sydney)

Abstract

Monetarism is a doctrine which suggests that money has a major influence on both the level of economic activity and the price level, and that the objectives of monetary policy are best realised by targeting the rate of growth of money supply. As such, monetarism has strong affinities with the quantity theory of money, particularly as exposited by Wicksell (above, Chapter 25) and Irving Fisher (above, Chapter 26), but its modern variant is largely associated with the work of Milton Friedman. In 1976, this, and his other contributions to economics, gained him the Nobel Prize in Economics; his contributions to monetarism also made him one of the most controversial writers on economic policy in the post-Second World War period.

Suggested Citation

  • Gianni Vaggi & Peter Groenewegen, 2003. "Milton Friedman (1912–): Monetarism and its Critics," Palgrave Macmillan Books, in: A Concise History of Economic Thought, chapter 34, pages 319-324, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50580-3_34
    DOI: 10.1057/9780230505803_34
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-50580-3_34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.