Chapter

The Monetarist Tradition

Edmund S. Phelps

in Seven Schools of Macroeconomic Thought

Published in print May 1990 | ISBN: 9780198283331
Published online November 2003 | e-ISBN: 9780191596766 | DOI: http://dx.doi.org/10.1093/0198283334.003.0002

Series: Ryde Lectures

 The Monetarist Tradition

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This chapter gives a review of the development and theory of monetarist macroeconomics, a school that started in the 1930s. It mainly discusses the views of Milton Friedman––long regarded as the leader of the monetarist school––but also addresses the contributions of other economists to the school and looks at dissenting opinions.

Keywords: economic theory; macroeconomics; Milton Friedman; monetarism; reviews

Chapter.  4341 words. 

Subjects: Macroeconomics and Monetary Economics

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