Milton Friedman

Sylvie Rivot ()
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Sylvie Rivot: BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique, BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique

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Abstract: Strangely enough, the comparison between these two great economists is an issue that has not been addressed in depth until recently. By comparison with contemporary economists, there are significant points of convergence in the way Keynes and Friedman deal with macroeconomics: both are Marshallian in that their main matter of concern is for the dynamics of the economic system and both aim to understand the disequilibria that inevitably occur in a monetary economy. Also, without wishing to overlook the strong disagreements between the two at the political level, there are strong similarities in the way Keynes and Friedman each address the basic aim of economic policy as a way to stabilise private expectations.

Keywords: Keynes; Friedman; Macroeconomics (search for similar items in EconPapers)
Date: 2019-02-22
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Published in Robert W. Dimand; Harald Hagemann. The Elgar Companion to John Maynard Keynes, Edward Elgar Publishing, pp.500-505, 2019, Economics 2019, 9781847200082. ⟨10.4337/9781788118569.00090⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03993516

DOI: 10.4337/9781788118569.00090

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