Chicago, Harvard, and the Doctrinal Foundations of Monetary Economics
考察1930-36年间弗里德曼的货币经济学与芝加哥及非芝加哥数量论者的观点差异，指出芝加哥学派主张通过预算赤字配合货币扩张来应对大萧条，这使其免受凯恩斯革命影响，并反驳了哈佛是早期货币研究重镇的说法。
The relationship between Milton Friedman's monetary economics and the views espoused by Chicago and non-Chicago quantity theorists in 1930-36 is examined. Contrary to recent interpretations, Chicago economists advanced the efficacy of monetary policy as the means of escaping from the Great Depression if such a policy was implemented with budget deficits to generate monetary expansion. The use of the quantity theory of money to provide a theoretical rationale for budget deficits distinguished the Chicago economists from other quantity theorists and left them less susceptible to the Keynesian revolution. The claim that Harvard was an important center for monetary research in the early 1930s is refuted. Copyright 1997 by the University of Chicago.