The two most prominent theories of macroeconomics to emerge during the 20 th century are the Keynesian Theory of Money and the Monetarism Theory. Keynesian thought traces back to the early part of the ...

Just how important is money? Few would deny that it plays a key role in the economy. But one school of economic thought, called monetarism, maintains that the money supply (the total amount of money ...

Just how important is money? Few would deny that it plays a key role in the economy.­ But one school of economic thought, called monetarism, maintains that the money supply (the total amount of money ...

A popular story promoted by Monetarist School thinkers is the one about Milton Friedman discrediting the Phillips Curve. For those not familiar with the latter, it’s the incorrect theory embraced by ...

Economies aren’t blobs or machines that occasionally pull over to dollar “filling stations.” In reality, economies are just individuals interconnected with individuals and machines the world over.

For those who fear the capture of higher education by the left, the late Milton Friedman rejects the very notion. To this day, left, right and center from the most elite of elite colleges the world ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In 1979 Margaret Thatcher entered Downing Street determined to tame out-of-control inflation. Her monetarist ...

In September 1976 the Labour government, headed by James Callaghan, approached the IMF for a $3.9bn loan. Among the conditions insisted upon by the IMF were that the Bank of England move to control ...

Anna Schwartz must be the oldest active revolutionary on earth. Born in 1915 in New York, she can still be found nearly every day at her office in the National Bureau of Economic Research on Fifth ...