An Analysis of Milton Friedman's The Role of Monetary Policy by Nick Broten (Eng

Description: An Analysis of Milton Friedman's The Role of Monetary Policy by Nick Broten, John Collins Friedmans 1968 paper changed the course of economic theory, rejecting existing theory and outlined an effective alternate monetary policy designed to secure high employment, stable prices and rapid growth. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description Milton Friedman was one of the most influential economists of all time – and his ideas had a huge impact on the economic policies of governments across the world. A key theorist of capitalism and its relationship to democratic freedoms, Friedman remains one of the most cited authorities in both academic economics and government economic policy. His work remains striking not just for its brilliant grasp of economic laws and realities, but also for its consistent application of high-level evaluation and reasoning skills to produce arguments that can convince experts and laypeople alike. Friedmans 1968 essay The Role of Monetary Policy is a key example of how Friedmans critical thinking skills helped to cement his influence and reputation. The paper addressed the question of how a governments monetary policy affects the economy – from employment levels to inflation and so on. At its heart lies an evaluation and critique of the most widely accepted conception of monetary policy at the time – the Phillips Curve – which argued that increased inflation leads naturally to increased employment. Systematically noting the flaws and weaknesses of the Phillips Curve theory, Friedman showed why this is not, in fact, the case. He then drew up a systematic alternative argument for what governmental monetary policy could and should aim to do. Though economists now consider Friedmans ideas to have considerable limitations, The Role of Monetary Policy remains a masterclass in evaluating and countering faulty arguments. Author Biography Nick Broten was educated at the California Institute of Technology and the London School of Economics. He is doing postgraduate work at the Pardee RAND Graduate School and works as an assistant policy analyst at RAND. His current policy interests include designing distribution methods for end-of-life care, closing labour market skill gaps, and understanding biases in risk-taking by venture capitalists.John Collins is a senior analyst at Mesirow Financial. Table of Contents Ways in to the Text Who was Milton Friedman? What does The Role of Monetary Policy Say? Why does The Role of Monetary Policy Matter? Section 1: Influences Module 1: The Author and the Historical Context Module 2: Academic Context Module 3: The Problem Module 4: The Authors Contribution Section 2: Ideas Module 5: Main Ideas Module 6: Secondary Ideas Module 7: Achievement Module 8: Place in the Authors Work Section 3: Impact Module 9: The First Responses Module 10: The Evolving Debate Module 11: Impact and Influence Today Module 12: Where Next? Glossary of Terms People Mentioned in the Text Works Cited Details ISBN1912127369 Author John Collins Publisher Macat International Limited Series The Macat Library Year 2017 ISBN-10 1912127369 ISBN-13 9781912127368 Format Paperback Media Book Publication Date 2017-07-05 Language English UK Release Date 2017-07-05 Imprint Macat International Limited Place of Publication London Country of Publication United Kingdom AU Release Date 2017-07-05 NZ Release Date 2017-07-05 Subtitle The Role of Monetary Policy Alternative 9781912302215 Audience General Pages 112 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:117656531;

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