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Friedman on the Quantity Theory and Keynesian Economics Don Patinkin The Journal of Political Economy, Vol. 80, No. 5. (Sep. - Oct., 1972), pp. 883-905.

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http://www.jstor.org Fri Nov 9 09:59:45 2007

Friedman on the Quantity Theory and Keynesian Economics

Don Patinkin

The Hebrew University of Jevztsalem

The article is based on textual evidence from the quantity-theory and Keynesian literature. I t shows, first, that the conceptual framework of a portfolio demand for money that Friedman denotes as the "quantity theory" is actually that of Keynesian...