Legacy of Keynes and Friedman

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.

• IllustrationsPrefaceAcknowledgmentsIntroductionKeynes, Friedman, and the Open EconomyNeoclassical Economics and the Monetary RevolutionMicroeconomics, the Revolution, and IdeologySome Monetary History, the State, and the International DimensionKeynesian Mechanics, Money, and TimeKeynesian Mechanics: Autonomous Spending, Deficits, and TimeKeynesian Variables, Permanent Income, and the Real Rate of InterestProduction, Wages, and PricesEpilogue; An Open Ended Analytical SystemFrom Long Swings to Current AnticipationsExplaining and Eliminating Turning Points in Business ConditionsReferencesIndex