More on the Chicago tradition
George S. Tavlas
(Bank of Greece and International Monetary Fund)
294
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
Publisher
:MCB UP Ltd
Copyright © 1998, MCB UP Limited