Quantity Theory of Money by Different Economists: With Criticisms | Economics
In this article we will discuss about the quantity theory of money by Cambridge, Keynes and Friedman, along with its criticisms. 1. Cambridge Cash-Balance Approach: During almost the same period when Fisher was developing his equation of exchange in America, Marshall, Pigou, Robertson, Keynes, etc. at the Cambridge University popularised the classical Cambridge cash-balance approach to the quantity theory of [...]