"This two-volume biographical work provides a foundational introduction to Friedman's role in several major economic debates that took place over four decades in the US, from 1932 through the end of 1972. The debates considered include both those that were largely carried out in the economic-research literature and those that primarily proceeded in the media or in policy forums. Nelson writes from a unique vantage point, as he draws from his own expertise in monetary economics, and has immersed himself in Friedman's Hoover Institution archives, allowing him unparalleled familiarity with Friedman's publications. Further, Nelson differentiates Friedman's ideas from those of his University of Chicago colleagues-particularly with those of George Stigler. And beyond, Nelson is able to refine and explicate the existing Friedman literature. Nelson provides an analytical narrative of Friedman's career from 1932 to 1972 (with the narrative organized primarily in terms of key economic debates), together with an exposition of Friedman's economic framework. The first volume consists of Chapters 1 to 10, covering Friedman's formative and early years through 1951, and Chapters 11 to 15 (the whole of the second volume), consider U.S. economic debate, and Friedman's participation in it, in the years from 1951 to 1972-the first two decades of Friedman's "monetarist period.""--
The notion that the aggregate price level was not predetermined formed, as already indicated, a key part of Friedman's theory of the Phillips curve. That theory had prices become elevated in relation to nominal wages in the early stages ...
With this ambitious new work, Edward Nelson closes the gap: Milton Friedman and Economic Debate in the United States is the defining narrative on the famed economist, the first to grapple comprehensively with Friedman’s research output, ...
This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.
Developing an understanding of the origins of entrepreneurs as well as the choices they make and the complexity of their activities across countries and industries are of central importance to this volume.
Aldershot, Hants, UK: Gower. . 1992. “The Nature of the United State.” In Developments in German Politics, ed. Gordon Smith, William E. Paterson, Peter H. Merkl, and Stephen Padgett. Durham, NC: Duke University Press. Smith, Hedrick.
On the whole, however, these essays offer testimony to the Depression's legacy as a "defining moment.
The present volume extends that analysis, focusing on the likely costs and benefits of achieving price stability not only in the United States, but in Germany, Spain, and the United Kingdom as well.
Offering important insights into the causes and consequences of this transition, this book will benefit students, researchers, and policy makers focused on East Asia as well as anyone concerned with similar trends elsewhere in the world.
In this volume, leading economists examine forecasting techniques developed over the past ten years, compare their performance to traditional econometric models, and discuss new methods for forecasting and time series analysis.
Focusing on the works of several prominent economists—David Hume, Adam Smith, Thomas Malthus, David Ricardo, and John Stuart Mill—Schabas examines their conceptual debt to natural science and thus locates the evolution of economic ideas ...