Authors

Robert Leeson, University of Notre Dame AustraliaFollow

Title

How Unique Was The Chicago Tradition? - Introduction

Document Type

Book Chapter

Publication Date

2003

Abstract

The first part of this chapter describes and elaborates upon the contributions made to this expanding literature by Tom Cate, J. Ronnie Davis, David Laidler, Joseph Aschheim and George Tavlas regarding the claim that inter-war Chicago exhibited unique quantity theory characteristics. The second part examines the so-called “‘Chicago Plan’ of Banking Reform”, described by Albert Hart (1935), a Chicago graduate student of the 1930s. The Chicago Plan was a response to the Great Depression which required all banks to hold 100% reserves against their deposits, thus eliminating the instability caused by fractional reserves.

ISBN: 1851967672

Comments

Keynes, Chicago and Friedman may be accessed from the publisher here

Keynes, Chicago and Friedman may be accessed from the National Library of Australia here

Recommended Citation

Leeson, R. (2003). How unique was the Chicago tradition? - Introduction. In R. Leeson (Ed), Keynes, Chicago and Friedman, Vol. 2 (3). London, United Kingdom: Pickering and Chatto.