IDEAS home Printed from https://ideas.repec.org/h/spr/spshcp/978-3-031-58580-7_14.html
   My bibliography  Save this book chapter

The Rise and Fall of Monetarism

In: Competing Schools of Economic Thought

Author

Listed:
  • Lefteris Tsoulfidis

    (University of Macedonia)

Abstract

The purpose of this chapter is to present and critically evaluate the fundamental principles of the monetarist school of economic thought. Monetarism asserts that the quantity of money is the most crucial economic variable, with its fluctuations significantly influencing the behavior of the entire economic system. Coined in 1968 by Karl Brunner (1916–1989), the term “Monetarism” encompasses a school of economic thought that includes influential figures like Milton Friedman (1912–2006), Anna Schwartz (1915–2012), Karl Brunner himself, and Allan Metzler (1928–2017). However, Monetarism has roots dating back to the early nineteenth century. As explained in Chap. 10 , the University of Chicago steadfastly upholds a free-market stance, advocating for minimal government intervention. Monetarism, closely associated with the University of Chicago, seeks to explicate significant economic phenomena by emphasizing a singular variable, that is, the money supply.

Suggested Citation

  • Lefteris Tsoulfidis, 2024. "The Rise and Fall of Monetarism," Springer Studies in the History of Economic Thought, in: Competing Schools of Economic Thought, edition 2, chapter 0, pages 341-364, Springer.
    • Handle: RePEc:spr:spshcp:978-3-031-58580-7_14
    DOI: 10.1007/978-3-031-58580-7_14
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:spshcp:978-3-031-58580-7_14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.