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2012-03-15

I have a dream. It is to create an, or rather, the, Hayek-Friedman-Keynes Synthesis

I have a dream. It is to create an, or rather, the, Hayek-Friedman-Keynes Synthesis, skrev jag, med en ödmjukhet väl i klass med Klas Eklund, på denna blog den 7 februari 2005.

Föga överraskande kanske har mina framsteg med detta varit i det närmaste obefintliga.Men nu kommer eldunderstöd från ingen mindre än Krugman.



-The truth, although nobody on the right will ever admit it, is that Friedman was basically a Keynesian — or, if you like, a Hicksian.
 

His framework was just IS-LM coupled with an assertion that the LM curve was close enough to vertical — and money demand sufficiently stable — that steady growth in the money supply would do the job of economic stabilization.
 

These were empirical propositions, not basic differences in analysis; and if they turn out to be wrong (as they have), monetarism dissolves back into Keynesianism.
 

Paul Krugman, NYT blog 14 March 2012


Friedman - Hayek - Keynes



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