Bodin laid the foundation for the "quantity theory of money."
This relationship is generally described as the 'quantity theory of money'.
This can be most easily seen with the quantity theory of money equation given above.
He also formulated a version of the quantity theory of money.
Monetarism is the set of views associated with modern quantity theory.
Initially, the relationship between price level and output was explained by the quantity theory of money.
Enter the quantity theory of money in its simplest guise.
What they have tried to do is make the old quantity theory of money operational for forecasting prices in the long run.
In its modern form, the quantity theory builds upon the following definitional relationship.
These ideas, embodied in the so-called quantity theory of money, dominated economic thinking until the 1930s.