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856.4.0.u: https://www.revistas.unam.mx/index.php/rie/article/view/50513/45313

100.1.#.a: I. Palley, Thomas

524.#.#.a: I. Palley, Thomas (2014). THE ECONOMICS AND POLITICAL ECONOMY OF MILTON FRIEDMAN: AN OLD KEYNESIAN CRITIQUE. Investigación Económica; Vol. 73 Núm. 288, 2014: ENG. Recuperado de https://repositorio.unam.mx/contenidos/46318

245.1.0.a: THE ECONOMICS AND POLITICAL ECONOMY OF MILTON FRIEDMAN: AN OLD KEYNESIAN CRITIQUE

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561.1.#.a: Facultad de Economía, UNAM

264.#.0.c: 2014

264.#.1.c: 2015-06-18

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520.3.#.a: Milton Friedman’s influence on the economics profession has been enormous. In part, his success was due to political forces that have made neoliberalism the dominant global ideology, but Friedman also rode those forces and contributed to them. Friedman’s professional triumph is testament to the weak intellectual foundations of the economics profession which accepted ideas that are conceptually and empirically flawed. His triumph has taken economics back in a pre-Keynesian direction and squeezed Keynesianism out of the academy. Friedman’s thinking also frames so-called new Keynesian economics which is simply new classical macroeconomics with the addition of imperfect competition and nominal rigidities. By enabling the claim that macroeconomics is fully characterized by a divide between new Keynesian and new classical macroeconomics, new Keynesianism closes the pincer that excludes old Keynesianism. As long as that pincer holds, economics will remain under Friedman’s shadow.

773.1.#.t: Investigación Económica; Vol. 73 Núm. 288 (2014): ENG

773.1.#.o: https://www.revistas.unam.mx/index.php/rie

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Artículo

THE ECONOMICS AND POLITICAL ECONOMY OF MILTON FRIEDMAN: AN OLD KEYNESIAN CRITIQUE

I. Palley, Thomas

Facultad de Economía, UNAM, publicado en Investigación Económica, y cosechado de Revistas UNAM

Licencia de uso

Procedencia del contenido

Entidad o dependencia
Facultad de Economía, UNAM
Revista
Repositorio
Contacto
Revistas UNAM. Dirección General de Publicaciones y Fomento Editorial, UNAM en revistas@unam.mx

Cita

I. Palley, Thomas (2014). THE ECONOMICS AND POLITICAL ECONOMY OF MILTON FRIEDMAN: AN OLD KEYNESIAN CRITIQUE. Investigación Económica; Vol. 73 Núm. 288, 2014: ENG. Recuperado de https://repositorio.unam.mx/contenidos/46318

Descripción del recurso

Autor(es)
I. Palley, Thomas
Tipo
Artículo de Investigación
Área del conocimiento
Ciencias Sociales y Económicas
Título
THE ECONOMICS AND POLITICAL ECONOMY OF MILTON FRIEDMAN: AN OLD KEYNESIAN CRITIQUE
Fecha
2015-06-18
Resumen
Milton Friedman’s influence on the economics profession has been enormous. In part, his success was due to political forces that have made neoliberalism the dominant global ideology, but Friedman also rode those forces and contributed to them. Friedman’s professional triumph is testament to the weak intellectual foundations of the economics profession which accepted ideas that are conceptually and empirically flawed. His triumph has taken economics back in a pre-Keynesian direction and squeezed Keynesianism out of the academy. Friedman’s thinking also frames so-called new Keynesian economics which is simply new classical macroeconomics with the addition of imperfect competition and nominal rigidities. By enabling the claim that macroeconomics is fully characterized by a divide between new Keynesian and new classical macroeconomics, new Keynesianism closes the pincer that excludes old Keynesianism. As long as that pincer holds, economics will remain under Friedman’s shadow.
Idioma
spa
ISSN
ISSN electrónico: 2594-2360; ISSN impreso: 0185-1667

Enlaces