It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into … which Keynesianism had pushed it, RE-NC modelling was responsible for that theory's most recent disappearance. This happened … despite the fact that, initially, RE-NC economics appeared to be a mainly technical extension and refinement of Monetarism …

In his 2016 paper, Wakabayashi argues:(a) that old Keynesian economics, monetarism, and new Keynesian economics are all … equally portfolio adjustment theories, or “stock” approaches to the quantity theory of money; (b) that post-war mainstream … be reconstructed according to an “income-based flow” approach to the quantity theory, which he names the long-term target …

Prince' of Chicago economics. He was an advocate of the quantity theory, and helped defend it in the 1930s and 1940s when it … the quantity theory with which he worked. Unraveling the Simons paradox is worthwhile simply as an exercise in the history …