This work deals with the economic systems of the two monetary revolutionaries of this century. They reacted against orthodoxy in different ways, with Friedman redirecting and reinforcing Keynes' major contributions. Friedman used the system of testing one hypothesis against another rather than using a naive model. He provided analytical, political, and ideological positions that yield an all-encompassing analytical system.
About the Author:
WILLIAM FRAZER is a Professor in the Department of Economics, College of Business Administration, University of Florida. His publications include Power and Ideas: Milton Friedman and the Big U-Turn (two volumes), Expectations, Forecasting and Control: A Provisional Textbook of Macroeconomics (two volumes), Crisis in Economic Theory, and The Demand for Money. He was co-author with William P. Yohe of The Analytics and Institutions of Money and Banking.