Now in its fifth printing, this volume is a combined version of Milton Friedman's "A Theoretical Framework for Monetary Analysis" and "A Monetary Theory of Nominal Income, " two essays originally published in the "Journal of Political Economy." Included are critical reviews by noted monetary theorists Karl Brunner and Allan Meltzer, James Tobin, Paul Davidson, and Don Patinkin, and Friedman's response to them....Presenting Friedman's statement -- important as a commentary on the history of economic thought and as a theoretical contribution in its own right -- alongside the views of his critics, this book offers enduring value for scholars and students alike.
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