Part 1. Friedman's pre-monetarist period, 1932 to 1950 -- 1942 and 1995 -- Starting out, 1932 to 1939 -- Economic policy on the home front, 1940 to 1943 -- Money changes everything, 1944 to 1950 -- Part 2. Friedman's framework -- Friedman's aggregate-demand framework : consumption and investment -- Friedman's aggregate-demand framework : money and securities -- Friedman's aggregate-supply framework -- Friedman's framework : policy rules -- Friedman's framework : market economics and research methodology -- Part 3. Friedman's monetarist years, 1951 to 1972 -- The accord and the new regime, 1951 to 1960 -- Moving into high gear, 1961 to 1963 -- Critic of the new economics, 1964 to 1966 -- The Friedman presidency and the Nixon candidacy, 1967 to 1968 -- Debates on regulation and aggregate supply, 1969 to 1972 -- Monetary policy debates and developments in stabilization policy, 1969 to 1972.
Summary:
"This two-volume biographical work provides a foundational introduction to Friedman's role in several major economic debates that took place over four decades in the US, from 1932 through the end of 1972. The debates considered include both those that were largely carried out in the economic-research literature and those that primarily proceeded in the media or in policy forums. Nelson writes from a unique vantage point, as he draws from his own expertise in monetary economics, and has immersed himself in Friedman's Hoover Institution archives, allowing him unparalleled familiarity with Friedman's publications. Further, Nelson differentiates Friedman's ideas from those of his University of Chicago colleagues-particularly with those of George Stigler. And beyond, Nelson is able to refine and explicate the existing Friedman literature. Nelson provides an analytical narrative of Friedman's career from 1932 to 1972 (with the narrative organized primarily in terms of key economic debates), together with an exposition of Friedman's economic framework. The first volume consists of Chapters 1 to 10, covering Friedman's formative and early years through 1951, and Chapters 11 to 15 (the whole of the second volume), consider U.S. economic debate, and Friedman's participation in it, in the years from 1951 to 1972-the first two decades of Friedman's "monetarist period.""-- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.