View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by University of Strathclyde Institutional Repository Strathprints Institutional Repository Laidler, D. and Sandilands, R.J. (2010) Harvard, the Chicago tradition, and the quantity theory : a reply to James Ahiakpor. History of Political Economy, 42 (3). pp. 573-592. ISSN 0018-2702 Strathprints is designed to allow users to access the research output of the University of Strathclyde. Copyright c and Moral Rights for the papers on this site are retained by the individual authors and/or other copyright owners. You may not engage in further distribution of the material for any profitmaking activities or any commercial gain. You may freely distribute both the url (http:// strathprints.strath.ac.uk/) and the content of this paper for research or study, educational, or not-for-profit purposes without prior permission or charge. Any correspondence concerning this service should be sent to Strathprints administrator: mailto:
[email protected] http://strathprints.strath.ac.uk/ Harvard, the Chicago Tradition, and the Quantity Theory: A Reply to James Ahiakpor David Laidler and Roger Sandilands James Ahiakpor’s critique of our work (Laidler and Sandilands 2002a) on some specific links between monetary thought at Harvard and Chicago in the early 1930s is wide ranging and provocative. He makes much of the indisputable, and undisputed (certainly by us), point that monetary thought in both places drew on a common quantity-theoretic heritage whose lin- eage can be traced back at least to David Hume (1752). But he goes fur- ther than this, suggesting that this common heritage alone, rather than any more direct influence, links the contents of a memorandum prepared at Harvard in January 1932 by Lauchlin Currie, Paul T.