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History of monetary theory # monetary economics
Автор: Brighter World
Загружено: 2026-01-03
Просмотров: 40
Описание:
The key figure in the history of monetary theory after Keynes is Milton Friedman.
After Keynes, Friedman revolutionized monetary theory by emphasizing the role of money supply in determining inflation and economic stability. As the leader of the Monetarist School, he argued that inflation is always and everywhere a monetary phenomenon and advocated for controlled growth of money supply rather than active fiscal intervention. His ideas strongly influenced modern central banking and economic policy worldwide.
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