The Monetarists: The Making of the Chicago Monetary Tradition, 1927-1960

An essential origin story of modern society’s most influential economic doctrine.

The Chicago School of economic thought has been subject to endless generalizations—and mischaracterizations—in contemporary debate. What is often portrayed as a monolithic obsession with markets is, in fact, a nuanced set of economic theories born from decades of research and debate. The Monetarists is a deeply researched history of the monetary policies—and personalities—that codified the Chicago School of mo...