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This elaboration of the writings and statements of Milton Friedman is intended to create an economic system that moves the subject along theory-, fact-, and policy-oriented lines. Items directly attributable to Friedman are used in combination with an awareness of the unique breadth of his experience connected to statistical matters, and his work with Wesley C. Mitchell and others. In addition, some of the author's experiences dating back to the 1950s are used to reconstruct theory and bring in some topics Friedman did not consider.
List of contents
Preface
IntroductionAn Overview
The Big Picture: Economics as a Systematic Way of Thinking
Beyond Neoclassical Economics
The Famous Controversial EssayInstitutional Economics, Friedman, and Selected Critics
Analysis, Axioms, and the Liquidity Preference Constructions
Indirect Evidence, Bond Traders, and Expected Returns
Analyses of Data
The Philosophical Ideological Left
Tenets of Monetarism, Institutionalists, and the New Classical SchoolTenets of Monetarism: A Friedman-System Variation
Endogenous/Exogenous Money Supply Theory
The New Classical School and Rational Expectations
From the Bond Market to Development EconomicsThe Bond Market Constraint on Health Care Reform
Development Economics and Money
Behavior and EconomicsAn Analytical System with Emphasis on Behavior
Bibliography
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).
