So, welcome to Whac-a-Mole’s economic policymaking. Don’t expect either candidate to hearken to Friedman or Keynes, much less Smith or Ricardo. Today it is all about reflex, not sweeping ideology.
MILTON FRIEDMAN: Americans know very little ... to be called Keynesian came to be accepted. And John Maynard Keynes, was a great economist at Cambridge, England. I happen to believe that his ...
Gregory, and David Romer. 1991. New Keynesian Economics, Vol. 1: Imperfect Competition and Sticky Prices, and Vol. 2: Coordination Failures and Real Rigidities. MIT Press. Nelson, Edward. 2017. Milton ...
a decade characterized by high and rising inflation and slow economic growth. Keynesian theory had no appropriate policy responses, while Friedman and other monetarists argued convincingly that the ...
Each super cycle, no matter how successful, also contains the seeds of its own destruction. Donald Trump’s victory is part of ...
Most economists are political apologists masquerading as economists. They are Rothbard’s “courthistorians” with degrees in ...
Friedman made his assertion as a natural ... Stiglitz noted. British economist John Maynard Keynes published his revolutionary book "The General Theory of Employment, Interest and Money" in ...
At the end of July, shortly after Kamala Harris became the Democratic candidate for President, The Economist described her ...
British economist John Maynard Keynes believed that some inflation ... prices of a theoretical basket of consumer goods. Milton Friedman famously described inflation as the result of "too much ...
Friedman's star rose when some of the negative effects he had long predicted for Keynesian policies came true in the widespread economic "stagflation" of the 1970s. Having advised conservative ...
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The Century of Milton FriedmanMore long-term, it had the potential to undermine the Keynesian approach to economics altogether. And this wasn’t an obscure problem: Friedman entered a debate that had been simmering for years, as ...
The only other 20th-century economists who can be placed in the same bracket are (certainly) John Maynard Keynes the great Cambridge economist of the generation before Friedman and (more arguably ...
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