Milton Friedman on Stagflation - Dictionary of Arguments
Mause I 57
Stagflation/Friedman: after initial economic policy successes in the 1950s and 1960s, doubts grew about Keynesian macroeconomics (see Economic Policy/Keynesianism), when unemployment and inflation ("stagflation") occurred simultaneously since the early 1970s. Criticism came above all from the monetarists, whose most famous representative was Milton Friedman (1912 - 2006). At the heart of their analysis is monetary policy, which they believe can only have short-term effects but is neutral in the long term._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Econ Fried I
The role of monetary policy 1968
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018