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More on the Chicago tradition

George S. Tavlas (Bank of Greece and International Monetary Fund)

Journal of Economic Studies

ISSN: 0144-3585

Article publication date: 1 February 1998

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Abstract

Offers a response to David Laidler’s article “More on Hawtrey, Harvard and Chicago”, in this issue. Asserts that the unique Chicagoan quantity‐theory of the early 1930s embodied a policy framework which left it immune from the Keynesian revolution and contained important linkages with Friedman’s views in its business‐cycle analysis and policy positions. Claims that this tradition explains why Chicago (and not Harvard) originated the monetarist counter‐revolution.

Keywords

Citation

Tavlas, G.S. (1998), "More on the Chicago tradition", Journal of Economic Studies, Vol. 25 No. 1, pp. 17-21. https://doi.org/10.1108/01443589810368163

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MCB UP Ltd

Copyright © 1998, MCB UP Limited