The Legacy of Keynes and Friedman - by William Frazer (Hardcover)

About the Book

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.

Book Synopsis

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.

Review Quotes

?This book is a welcome addition to the long list on the two schools of economic thoughts, as it offers new insights through comparisons and contrasts in a style that can be comprehended by laypersons and appreciated by specialists. In one volume the author has succeeded in providing a well-balanced and comprehensive analysis of the philosophies of Keynes and Friedman. The book is timely, well written, and would be an excellent component of a well-balanced business curriculum, and is a "must read" for economists and policymakers.?-The Southern Economic Journal

"This book is a welcome addition to the long list on the two schools of economic thoughts, as it offers new insights through comparisons and contrasts in a style that can be comprehended by laypersons and appreciated by specialists. In one volume the author has succeeded in providing a well-balanced and comprehensive analysis of the philosophies of Keynes and Friedman. The book is timely, well written, and would be an excellent component of a well-balanced business curriculum, and is a "must read" for economists and policymakers."-The Southern Economic Journal

About the Author

WILLIAM FRAZER is a Professor in the Department of Economics, College of Business Administration, University of Florida. His publications include Power and Ideas: Milton Friedman and the Big U-Turn (two volumes), Expectations, Forecasting and Control: A Provisional Textbook of Macroeconomics (two volumes), Crisis in Economic Theory, and The Demand for Money. He was co-author with William P. Yohe of The Analytics and Institutions of Money and Banking.