The Quantity Theory of Money: From Locke to Keyes and Friedman.

Southern Economic JournalVol. 63 Nbr. 2, October 1996

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The Quantity Theory of Money: From Locke to Keyes and Friedman.

By Mark Blaug, Walter Eltis, Denis O'Brien, Don Patinkin, Robert Skidelsky, and Geofrrey E. Wood. Brookfield, Vermont: Edward Elgar, 1995. Pp. ix, 139. $63.95.

Yes Virginia, there may be a quantity theory, but will we know it when we see it?

The issue tying together the six essays that comprise this book is the identity of the quantity theory of money: its main tenets; how they relate to monetarism; and what role the quantity theory played in early monetary debates. Mark Blaug's introduction an...

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