Samuelson Friedman : the battle over the free market

Author(s)

Bibliographic Information

Samuelson Friedman : the battle over the free market

Nicholas Wapshott

W.W. Norton, c2021

  • : hardcover

Available at  / 7 libraries

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Note

Includes bibliographical references (p. [345]-349) and index

Contents of Works

  • The land of Oz
  • Born again in a Chicago classroom
  • Paradise lost
  • Counter Keynes
  • Dueling columnists
  • To intervene or not to intervene
  • Money, money, money
  • Not so fast
  • Tricky Dicky
  • The Chicago boys
  • Fed up
  • No Hollywood ending
  • End of the line
  • The Grocer's daughter
  • Beating bin Laden with cheap money
  • All going swimmingly
  • Capitalism teeters

Description and Table of Contents

Description

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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