Publisher Description
Monetarism emerged in the 1960s under the leadership of Milton Friedman, who received the Nobel Prize in 1976. Friedman taught at the University of Chicago during this period, developing monetarism as a branch of Frank Knight's famous "Chicago School" of economics. Monetarists emphasize the role of money and the government's monetary policy in economic affairs; they vigorously defend the free market in their work.
Supply side economics, another modern branch of free market economics, emphasizes the harmful role of impediments to production (such as taxes). Robert A. Mundell is often considered the father of this modern school of economic thought. Supply side economics advocates government policies that would stimulate increased overall economic production, rather than redistribute existing production.
The Great Economic Thinkers Series is a collection of presentations that explain in understandable language the major ideas of history's most important economists. Special emphasis is placed on each thinker's attitude toward capitalism, revealing their influence in today's debate on economic progress and prosperity.
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About the Authors
Dr. Arjo Klamer is professor of the economics of art and culture at Erasmus University in Rotterdam, Netherlands, and holds the world’s only chair in the field of cultural economics. He has also taught at several universities in the US, including Wellesley College and George Washington University. Klamer is the author of Conversations with Economists, Speaking of Economics, The Economic Conversation, and others.
Alan Reynolds is a senior fellow at the Cato Institute and was formerly director of economic research at the Hudson Institute. His studies have been published by the Organization for Economic Cooperation and Development, the Joint Economic Committee, the Federal Reserve Banks of Atlanta, and the Australian Stock Exchange. He has also written for numerous publications, including the Wall Street Journal, New York Times, National Review, New Republic, Fortune, and the Harvard Business Review.
About Louis Rukeyser
Louis Rukeyser (1933–2006), narrator of the Great Economic Thinkers and the Secrets of the Great Investors series, was recognized as America’s most popular economic commentator. He was known and admired for his ability to discuss economics in a lively and insightful way.