The Monetarists: The Making of the Chicago Monetary Tradition, 1927-1960

The Chicago School of economic thought is a nuanced set of economic theories born from decades of research and debate, characterized by monetarism, which believes that prices and interest rates can be kept stable by controlling the amount of money in circulation. The Monetarists is a deeply researched history of the monetary policies and personalities that codified this doctrine from the 1930s through the 1960s, offering the first complete history of this intellectual period and its origins.

Format: Hardback
Length: 656 pages
Publication date: 01 June 2023
Publisher: The University of Chicago Press

The Chicago School of economic thought, a cornerstone of modern society, has been subject to widespread generalizations and misrepresentations in contemporary discourse. Often portrayed as a singular focus on markets, it is, in reality, a complex and multifaceted set of economic theories that have evolved over decades through extensive research and intellectual debates.

The Monetarists, a meticulously researched work, delves into the historical development of monetary policies and the influential personalities that shaped the Chicago School of monetary thought from the 1930s to the 1960s. This period can be broadly characterized as monetarism, the belief that prices and interest rates can be maintained stable by regulating the amount of money in circulation.

It is important to note that these ideas were not solely the legacy of Milton Friedman but rather a tradition rooted in theoretical discussions and debates throughout the Chicago School's campus. Through an extensive exploration of archival materials, The Monetarists presents the first comprehensive account of this pivotal intellectual era, offering insights that will shape our understanding of the Chicago School and its enduring influence for generations to come.

Weight: 1030g
Dimension: 164 x 237 x 44 (mm)
ISBN-13: 9780226823188