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.
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.Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
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Autorenporträt
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).
Inhaltsangabe
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
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
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