Keynes's "Finance" Demand for Liquidity, Robertson's Loanable Funds Theory, and Friedman's Monetarism
论证凯恩斯在融资流动性需求上的让步是调和流动性偏好理论与可贷资金理论、存量方法与流量方法的关键，指出罗伯逊在许多实际问题上正确而凯恩斯错误，并揭示弗里德曼受凯恩斯影响而忽视流量决策对货币需求的影响。
This paper argues that Keynes's concession on the finance demand for liquidity provides the key for the reconciliations of the liquidity preference theory to the loanable funds theory and of the stock approach with the flow approach. On many practical issues, Robertson is shown to be right, and Keynes wrong. It also shows that the modern arch-critic of Keynes, Friedman, is himself under Keynes's influence in relying exclusively upon the stock (or portfolio) approach to the neglect of the influences of flow decisions on the money demand. His attempt to combine Keynes and Fisher is shown not workable.