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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From the author of the critically acclaimed Keynes Hayek, the next great duel in the history of economics.
"Summarising the debate between the two most important economists of the second half of the 20th century might seem like a monumental task, best consigned to specialist textbooks. But this brave history of the intellectual duel between Paul Samuelson and Milton Friedman proves that assumption wrong, with its focus as much on their lives as their ideas."
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Produktdetaljer

ISBN
9780393285185
Publisert
2021-09-03
Utgiver
Vendor
Ww Norton & Co
Vekt
616 gr
Høyde
244 mm
Bredde
163 mm
Dybde
33 mm
Aldersnivå
G, 01
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
384

Forfatter

Biographical note

Nicholas Wapshott’s many books include biographies of Margaret Thatcher and Carol Reed, Keynes Hayek: The Clash That Defined Modern Economics, and The Sphinx: Franklin Roosevelt, the Isolationists, and the Road to World War II. He lives in New York City.