Mises Daily
Author:
Henry Hazlitt
Online Publish Date:
[From Money, the Market, and the State , edited by Nicholas B. Beales and L. Aubrey Drewry, Jr., Athens: University of Georgia Press, 1968, pp. 35–44.] The quantity theory of money is very old. But it has been most influential in the last half century in the form given it by Irving Fisher in The Purchasing Power of Money (1911). I shall refer to