Abstract
In this chapter we survey the early theoretical literature on the macroeconomic demand for money. We begin with the classical version of the quantity theory of money, which remains considerably relevant even today. Then we move on to the Keynesian liquidity preference theory and we end with Milton Friedman’s modern quantity theory.
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© 2001 Springer Science+Business Media New York
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Serletis, A. (2001). The Classics, Keynes, and Friedman. In: The Demand for Money. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3320-4_5
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DOI: https://doi.org/10.1007/978-1-4757-3320-4_5
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4757-3322-8
Online ISBN: 978-1-4757-3320-4
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