George S Tavlas, The monetarists: the making of the Chicago monetary tradition, 1927–1960, University of Chicago Press 2023, xviii + 632 pages

In the monetary and economic policy debates during the second half of the 20^th century, Milton Friedman played a crucial role, advocating a monetarist counter-revolution against the then dominating Keynesian paradigm. A key moment was the publication of his essay, The quantity theory of money: a restatement, in 1956. As George Tavlas observes in his book