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portada Samuelson Friedman: The Battle Over the Free Market
Type
Physical Book
Publisher
Author
Year
2021
Language
English
Pages
367
Format
Hardcover
ISBN13
9780393285185
Categories

Samuelson Friedman: The Battle Over the Free Market

Nicholas Wapshott (Author) · Norton & Company · Hardcover

Samuelson Friedman: The Battle Over the Free Market - Nicholas Wapshott

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Synopsis "Samuelson Friedman: The Battle Over the Free Market "

In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes’s General Theory. Milton Friedman, little known at that time outside conservative academic circles, championed “monetarism” and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy. In the nimble hands of author and journalist Nicholas Wapshott, Samuelson and Friedman’s decades-long argument becomes a window through which to view one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and “stagflation”, it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today.

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