The Legacy of Keynes and Friedman - Economic Analysis, Money, and Ideology

This work deals with the economic systems of the two monetary revolutionaries of this century. They reacted against orthodoxy in different ways, with Friedman redirecting and reinforcing Keynes' major contributions. Friedman used the system of testing one hypothesis against another rather than using a naive model. He provided analytical, political, and ideological positions that yield an all-encompassing analytical system.

List of contents

Illustrations
Preface
Acknowledgments
Introduction
Keynes, Friedman, and the Open Economy
Neoclassical Economics and the Monetary Revolution
Microeconomics, the Revolution, and Ideology
Some Monetary History, the State, and the International Dimension
Keynesian Mechanics, Money, and Time
Keynesian Mechanics: Autonomous Spending, Deficits, and Time
Keynesian Variables, Permanent Income, and the Real Rate of Interest
Production, Wages, and Prices
Epilogue; An Open Ended Analytical System
From Long Swings to Current Anticipations
Explaining and Eliminating Turning Points in Business Conditions
References
Index

About the author

WILLIAM FRAZER is Professor of Economics at the University of Florida. Dr. Frazer has written widely, including The Florida Land Boom: Speculation, Money, and the Banks (Quorum, 1995), The Central Banks: The International and European Directions (Praeger, 1994), and The Legacy of Keynes and Friedman: Economic Analysis, Money, and Ideology (Praeger, 1994).

Product details

• Authors: William Frazer, Frazer William
• Publisher: Bloomsbury
• Languages: English
• Age Recommendation: ages 7 to 17
• Product format: Hardback
• Released: 21.07.1994
• EAN: 9780275947316
• ISBN: 978-0-275-94731-6
• No. of pages: 304
• Weight: 680 g
• Subjects: Social sciences, law, business > Business > Miscellaneous; BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Economics / Macroeconomics, macroeconomics, Economic systems and structures, Economic systems & structures, Economics: Theory