Milton Friedman and Economic Debate in the United States, 1932-1972, Volume 2

Milton Friedman and Economic Debate in the United States, 1932-1972, Volume 2

by Edward Nelson

NOOK Book(eBook)

$37.99 $50.00 Save 24% Current price is $37.99, Original price is $50. You Save 24%.
View All Available Formats & Editions

Available on Compatible NOOK Devices and the free NOOK Apps.
WANT A NOOK?  Explore Now
LEND ME® See Details

Overview

Milton Friedman is widely recognized as one of the most influential economists of the twentieth century. Yet no previous study has distilled Friedman’s vast body of writings into an authoritative account of his research, his policy views, and his interventions in public debate. 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, economic framework, and legacy.

This two-volume account provides a foundational introduction to Friedman’s role in several major economic debates that took place in the United States between 1932 and 1972. The first volume, which takes the story through 1960, covers the period in which Friedman began and developed his research on monetary policy. It traces Friedman’s thinking from his professional beginnings in the 1930s as a combative young microeconomist, to his wartime years on the staff of the US Treasury, and his emergence in the postwar period as a leading proponent of monetary policy. The second volume covers the years between 1960 and 1972— years that saw the publication of Friedman and Anna Schwartz’s Monetary History of the United States. The book also covers Friedman’s involvement in a number of debates in the 1960s and 1970s, on topics such as unemployment, inflation, consumer protection, and the environment.

As a fellow monetary economist, Nelson writes from a unique vantage point, drawing on both his own expertise in monetary analysis and his deep familiarity with Friedman’s writings. Using extensive documentation, the book weaves together Friedman’s research contributions and his engagement in public debate, providing an unparalleled analysis of Friedman’s views on the economic developments of his day.

Product Details

ISBN-13: 9780226684925
Publisher: University of Chicago Press
Publication date: 11/06/2020
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 640
File size: 1 MB

About the Author

Edward Nelson is an economist in the division of monetary affairs at the Board of Governors of the Federal Reserve System.

Table of Contents

Introduction to Volume 2
Conventions Used in This Book
Chapter 11: Moving into High Gear, 1961 to 1963  I.          Events and Activities, 1961–63
II.        Issues, 1961–63
Capitalism and Freedom Arrives
Rolling Out the Monetary History
The Commission on Money and Credit                                                                   
Operation Twist            
III.       Personalities, 1961–63
Abba Lerner
John F. Kennedy
Chapter 12: Critic of the New Economics, 1964 to 1966 I.          Events and Activities, 1964–66
II.        Issues, 1964–66
The Credit Crunch and Minirecession
The Fiscal Critic—the Multiplier
III.       Personalities, 1964–66
Barry Goldwater
James Tobin
Chapter 13: The Friedman Presidency and the Nixon Candidacy, 1967 to 1968 I.          Events and Activities, 1967–68
II.        Issues, 1967–68
The St. Louis Connection
Income Support, Welfare, and Social Security
The Presidential Address
III.       Personalities, 1967–68
Karl Brunner
Richard Nixon
Chapter 14: Debates on Regulation and Aggregate Supply, 1969 to 1972 I.          Events and Activities Related to Regulation and Aggregate Supply, 1969–72
II.        Issues Related to Regulation and Aggregate Supply, 1969–72
The Social Responsibility of Business
Money and Regulation Q
III.       Personalities in Debates on Regulation and Aggregate Supply, 1969–72
Robert Gordon
Ralph Nader
Chapter 15: Monetary Policy Debates and Developments in Stabilization Policy, 1969 to 1972 I.          Events and Activities Related to Monetary Policy Debates and Developments in Stabilization Policy, 1969–72
II.        Issues Related to Monetary Policy Debates and Developments in Stabilization Policy, 1969–72
From Gradualism to the New Economic Policy
The End of Bretton Woods
III.       Personalities in Monetary Policy Debates and Developments in Stabilization Policy, 1969–72
Robert Lucas and Thomas Sargent
Arthur Burns
  Notes
Bibliography
Index

Customer Reviews