The Revival of Laissez-faire in American Macroeconomic Theory: A Case Study of the Pioneers

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Edward Elgar, 2002 - Business & Economics - 177 pages
In the 1970s, the Keynesian orthodoxy in macroeconomics began to break down. In direct contrast to Keynesian recommendations of discretionary policy, models advocating laissez-faire came to the forefront of economic theory, from monetarism to public choice theory to new classical economics. This book provides a comprehensive account of this watershed and traces the evolution of laissez-faire using the cases of its main proponents.

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Contents

Henry Calvert Simons author of the blueprint
29
Friedrich von Hayek and the Austrian influence
46
Milton Friedman and monetarism
70
Copyright

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About the author (2002)

Sherryl Davis Kasper, Professor of Economics and Chair, Division of Social Sciences, Maryville College, US

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