Tag Archives | Fisherian and Cambridge Approaches of Money

There are similarities and dissimilarities between the two approaches of the quantity theory of money, i.e, the Fisherian transaction approach and the Cambridge cash-balance approach. Similarities between the Two Approaches: The similarities between the Fisherian and the Cambridge approaches are discussed below: 1. Similar Equations: Robertson's cash-balance equation, P = M/KT is quite similar to that given by Fisher; P [...]