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

Carola Binder of Haverford College reviews “The Monetarists: The Making of the Chicago Monetary Tradition, 1927–1960” by George S. Tavlas. The Econlit abstract of this book begins: “Considers the emergence and development of the Chicago monetary tradition into what became known as monetarism, describing it as it was reflected in the works of a small group of University of Chicago economists who preserved the importance of the quantity theory of money and defended the free-market system.”