Money and Macroeconomics: The Selected Essays of David Laidler

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Editorial Reviews

Booknews
As preface to this collection of 18 of his papers on the so-called "monetarist counter-revolution," non-Keynesian Laidler (economics, U. of Western Ontario, Canada) narrates a personal memoir on economics as a way of life<-->from Depression-era fishmonger's son to studies at the London School of Economics and the University of Chicago and beyond. A sampling of titles presented in chronological order (1966-92), likely to be of interest to historians of economic thought as well as economists, includes: "The Permanent-Income Concept in a Macro-economic Model", "Taking Money Seriously", and "Monetarism--the Unfinished Business". Annotation c. by Book News, Inc., Portland, Or.
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Table of Contents

Acknowledgements
Economics as a Way of Life - A Personal Memoir
1 The Rate of Interest and the Demand for Money - Some Empirical Evidence 1
2 The Results and Implications of Recent Empirical Work on the Aggregate Demand Function for Money in the United States 15
3 The Permanent-Income Concept in a Macro-economic Model 35
4 Money, Wealth and Time Preference in a Stationary Economy 49
5 The Phillips Curve, Expectations and Incomes Policy 60
6 The Current Inflation - Explanations and Policies 85
7 Monetarist Models of Inflation in Closed and Open Economies 102
8 Information, Money and the Macroeconomics of Inflation 115
9 Monetarism: An Interpretation and an Assessment 132
10 A Small Macro-model of the Post-War United States 161
11 On the Demand for Money and the Real Balance Effect 186
12 Did Macroeconomics Need the Rational Expectations Revolution? 215
13 The "Buffer Stock" Notion in Monetary Economics 233
14 Taking Money Seriously 252
15 What Remains of the Case for Flexible Exchange Rates? 280
16 The Quantity Theory is Always and Everywhere Controversial - Why? 307
17 Price Stability and the Monetary Order 326
18 Monetarism - the Unfinished Business 353
List of publications, 1966-95 369
Index 381
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