Money in a free society : Keynes, Friedman, and the new crisis in capitalism / by Tim Congdon.

Format:

Book

Author/Creator:

Congdon, Tim.

Language:

English

Subjects (All):

Money.

Quantity theory of money.

Fiscal policy.

Banks and banking.

Macroeconomics.

Keynesian economics.

Friedman, Milton, 1912-2006.

Friedman, Milton.

Physical Description:

1 online resource (681 p.)

Edition:

1st ed.

Place of Publication:

New York : Encounter Books, c2011.

Language Note:

English

Summary:

In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called ?Great Moderation"), with steady growth and low inflation. But the period since mid-2007 (?the Great Recession") has seen the worst macroeconomic turmoil since the 1930's. A dramatic plunge in trade, output and employment in late 2008 and 2009 has been followed by an unconvincing recovery. How is the lurch from stability to instability to be explained? What are the intellectual origins of the policy mistakes that led to the Great Recession? What theories motivated policies in the USA and other lead

Contents:

Were the Keynesians loyal followers of Keynes?

What was Keynes' best book?

Keynes, the Keynesians and the exchange rate

Keynes, Bernanke and Krugman, and the pathologies of capitalism

Did Britain have a "Keynesian revolution"?

Keynesianism, monetarism, and two concepts of the output gap

Was the UK's great moderation due to Keynesianism, monetarism or what?

Friedman (1948), Friedman (1996) and the effectiveness of fiscal policy in the USA

Does fiscal policy matter? (2nd essay should be the times article)

British and American monetarism compared

Do changes in the quantity of money smother fiscal policy?

The political economy of monetarism.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786613787460

9781281606754

1281606758

9781594035449

159403544X

OCLC:

759807609