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monetary theory |
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This academic weight helps keep it at the cutting edge of monetary theory. So while praising Friedman as cheerful, energetic, and widely liked, he proceeds to brush off the professor's lifework on monetary theory as obsolete and discredited. Ever since Michael Holroyd's Lytton Strachey revealed Bloomsbury to have been a bisexual merry-go-round, biographers have felt free to drag Keynes's social and sex life into the arcane recesses of his monetary theory. |
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