Dictionary of Arguments

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Author Item Summary Meta data
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.


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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.
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
Milton Friedman
The role of monetary policy 1968

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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Ed. Martin Schulz, access date 2019-03-26
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