Samuelson Friedman: The Battle Over the Free Market

In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes's General Theory. Milton Friedman, little known at that time outside conservative academic circles, championed "monetarism" and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy.In the nimble hands of author and journalist Nicholas Wapshott, Samuelson and Friedman's decades-long argument becomes a window through which to view one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and "stagflation", it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today.

About the author

Nicholas Wapshott’s many books include biographies of Margaret Thatcher and Carol Reed, Keynes Hayek: The Clash That Defined Modern Economics, and The Sphinx: Franklin Roosevelt, the Isolationists, and the Road to World War II. He lives in New York City.

Product details

• Authors: Nicholas Wapshott, Wapshott Nicholas
• Publisher: Norton and Co Ltd
• Languages: English
• Product format: Hardback
• Released: 31.07.2021
• EAN: 9780393285185
• ISBN: 978-0-393-28518-5
• Dimensions: 165 mm x 245 mm x 35 mm
• Subjects: Fiction > Narrative literature > Letters, diaries; Social sciences, law, business > Business; Geschichte, Wirtschaftsgeschichte, 20. Jahrhundert (1900 bis 1999 n. Chr.), Education, BIOGRAPHY & AUTOBIOGRAPHY / Jewish, Biography: general, BUSINESS & ECONOMICS / Economic History, 20th Century, 20th century history: c 1900 to c 2000, HISTORY / Modern / 20th Century, History - General History, BIOGRAPHY & AUTOBIOGRAPHY / Educators, 20th century, c 1900 to c 1999, Economic history, Economic theory & philosophy, General and world history, Economic theory and philosophy