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Modern Macroeconomics and its Evolution from a Monetarist Perspective: An Interview with Professor Milton Friedman

Snowdon, B.; Vane, H.R.

Authors

B. Snowdon

H.R. Vane



Abstract

An interview with Milton Friedman in 1996 - presents his reflections on some of the important issues surrounding the evolution of, and currrent debates within, modern macroeconomics. A world-renowned economist and prolific author since the 1930s, Milton Friedman has had a considerable impact on macroeconomic theory and policy making. Associated mostly with monetarism and the efficacy of free markets, his work has ranged over a broader area - microeconomics, methodology, consumption function, applied statistics, international economics, monetary theory, history and policy, business cycles and inflation. In the interview discusses Keynes’s General Theory, monetarism, new classical macroeconomics, methodology, economic policy, European union and the monetarist counter-revolution.

Citation

Snowdon, B., & Vane, H. (1997). Modern Macroeconomics and its Evolution from a Monetarist Perspective: An Interview with Professor Milton Friedman. Journal of Economic Studies, 24(4), 192-222. https://doi.org/10.1108/01443589710188957

Journal Article Type Article
Publication Date Jan 1, 1997
Deposit Date Feb 14, 2011
Journal Journal of Economic Studies
Print ISSN 0144-3585
Publisher Emerald
Peer Reviewed Peer Reviewed
Volume 24
Issue 4
Pages 192-222
DOI https://doi.org/10.1108/01443589710188957
Keywords Economic theory, Economists, Economy, Keynesian school, Milton Friedman, Monetarism.

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