The Market Monetarist school has emerged in the blogosphere as a clear competitor to mainstream Keynesians as well as to the Austrian school thinking. However, Market Monetarists have really not been very clear about their intellectual heritage.
In my recent paper on Market Monetarism I identify two overall Market Monetarist principles:
- Money matters.
- Markets matter.
These principles have some origin in economic literature. Here I present a short reading list that should get aspiring Market Monetarists up to date with the background on Market Monetarist thinking. The list is highly incomplete and I encourage others to pitch in with reading material, which is or should be important for the intellectual development of Market Monetarism.
Money Matters
Of course Milton Friedman is mandatory reading for anybody. Read everything Friedman wrote, but I think Money Mischief is an excellent introduction to a lot of Friedman’s thinking. Here you will learn why inflation…
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