In 1956 when Friedman published his ""The Quantity Theory of Money: A Restatement"" he faced a daunting task because of the widespread hostility to the quantity theory. This paper looks at the rhetoric (in the non-pejorative sense of the term) that he used to overcome this obstacle, and at some of the characteristics of the essay that contribute to its persuasiveness.

Thomas Mayer

English

Research Papers in Economics

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THE RHETORIC OF FRIEDMAN'S QUANTITY THEORY MANIFESTO

THE RHETORIC OF FRIEDMAN'S QUANTITY THEORY MANIFESTO

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