Book notes: The monetarists: the making of the Chicago monetary tradition, 1927-1960, by George S Tavlas
A fascinating, scholarly and sympathetic account of the Chicago monetary tradition
George S Tavlas, The monetarists: the making of the Chicago monetary tradition, 1927–1960, University of Chicago Press 2023, xviii + 632 pages
In the monetary and economic policy debates during the second half of the 20th century, Milton Friedman played a crucial role, advocating a monetarist counter-revolution against the then dominating Keynesian paradigm. A key moment was the publication of his essay, The quantity theory of money: a restatement, in 1956. As George Tavlas observes in his book
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