Review 3 -- No Title

In Varieties of Monetary Experience, David Meiselman has collected six essays that continue in the tradition of Milton Friedman's Studies in the Quantity Theory of Money. The common thread that runs through all of these studies is the notion that the demand for real money balances is a relatively stable function of a few variables: to be more precise, a stable function of the two variables real income and (expected) rate of inflation. The robustness of this uncomplicated hypothesis, when applied to a wide variety of nonexplosive inflationary periods in the six essays, is impressive.