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Monetarism I: The Counter-Revolution

In: The Keynesian Revolution and its Critics

Author

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  • Gordon A. Fletcher

    (The University of Liverpool)

Abstract

Monetarists can be thought of as constituting the majority party among those ranged in opposition to Keynes; as against the Austrians as minority party, whose work is generally less well known. In addition, the monetarist framework of analysis so closely parallels that of Keynes that points of potential conflict are easily identified, and the interesting questions concern the validity of the monetarists’ interpretation of Keynes’s propositions in relation to their own and the provenance of the monetarist model itself, in terms of the relative importance of pre-Keynesian and Keynesian influences.

Suggested Citation

  • Gordon A. Fletcher, 1987. "Monetarism I: The Counter-Revolution," Palgrave Macmillan Books, in: The Keynesian Revolution and its Critics, chapter 16, pages 193-210, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08736-5_16
    DOI: 10.1007/978-1-349-08736-5_16
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