The Friedman System: Economic Analysis of Time Series / Edition 1

by William Frazer

Overview

This elaboration of the writings and statements of Milton Friedman is intended to create an economic system that moves the subject along theory-, fact-, and policy-oriented lines. Items directly attributable to Friedman are used in combination with an awareness of the unique breadth of his experience connected to statistical matters, and his work with Wesley C. Mitchell and others. In addition, some of the author's experiences dating back to the 1950s are used to reconstruct theory and bring in some topics Friedman did not consider.

Product Details

ISBN-13:	9780275958435
Publisher:	Bloomsbury Academic
Publication date:	07/23/1997
Series:	Contemporary Writers
Edition description:	New Edition
Pages:	280
Product dimensions:	6.14(w) x 9.21(h) x 0.69(d)

About the Author

WILLIAM FRAZER is Professor of Economics at the University of Florida. Dr. Frazer has written widely, including The Florida Land Boom: Speculation, Money, and the Banks (Quorum, 1995), The Central Banks: The International and European Directions (Praeger, 1994), and The Legacy of Keynes and Friedman: Economic Analysis, Money, and Ideology (Praeger, 1994).

Table of Contents

Preface
Introduction
An Overview
The Big Picture: Economics as a Systematic Way of Thinking
Beyond Neoclassical Economics
The Famous Controversial Essay
Institutional Economics, Friedman, and Selected Critics
Analysis, Axioms, and the Liquidity Preference Constructions
Indirect Evidence, Bond Traders, and Expected Returbans
Analyses of Data
The Philosophical Ideological Left
Tenets of Monetarism, Institutionalists, and the New Classical School
Tenets of Monetarism: A Friedman-System Variation
Endogenous/Exogenous Money Supply Theory
The New Classical School and Rational Expectations
From the Bond Market to Development Economics
The Bond Market Constraint on Health Care Reform
Development Economics and Money
Behavior and Economics
An Analytical System with Emphasis on Behavior
Bibliography
Index

Editorial Reviews

Extends the delineation of the Friedman system described in the author's "The Legacy of Keynes and Friedman", discussing Friedman's ideas and educational experiences as they connect to statistical matters and the National Bureau of Economic Research, and looking at topics Friedman didn't consider. Examines Friedman's controversial 1953 essay, tenets of monetarism, endogenous/exogenous money supply theory, the bond market constraint on health care reform, and development economics. Annotation c. by Book News, Inc., Portland, Or.

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