What MM Have Wrought
评估MM命题对金融经济学的影响，将其与凯恩斯在宏观经济学中的影响类比，指出MM命题促使传统金融方法被重新审视和澄清。
I. An Assessment The influence of the MM propositions on financial economics is comparable to the impact of Keynes in macroeconomics. Keynes' General Theory [23] ushered in a new theoretical framework, stimulating the development of equation systems by modeling the economy and utilizing the national income accounts that had been under development during the 1920s. Even the analytics of the monetarist view were sharpened and improved by the need to confront the Keynesian models. So it was with MM. The traditional approaches in finance had to be reexamined and clarified.