John Maynard Keynes

FRB Richmond Economic Quarterly, Vol. 83, No. 2, Spring 1997, pp. 1-23

23 Pages Posted: 19 Nov 2012

See all articles by Milton Friedman

Milton Friedman

Mendocino College; affiliation not provided to SSRN (deceased)

Date Written: 1997

Abstract

One colossus of twentieth-century economics assesses the work and influence of another. Milton Friedman argues that John Maynard Keynes (1833-1946) left two principal legacies. The first, to technical, scientific economics, was embodied in his Tract on Monetary Reform (1923), his Treatise on Money (1930), and his General Theory of Employment, Interest and Money (1936). The other, to politics, was his belief in benevolent policymakers advised by elite and incorruptible civil servants. Of the two legacies Friedman judges the second to have been the more influential in the realm of public policy, even though he questions its validity.

Suggested Citation

Friedman, Milton, John Maynard Keynes (1997). FRB Richmond Economic Quarterly, Vol. 83, No. 2, Spring 1997, pp. 1-23, Available at SSRN: https://ssrn.com/abstract=2129832

Milton Friedman (Contact Author)

Mendocino College ( email )

1000 Hensley Creek Rd.
Ukiah, CA 95482
United States

affiliation not provided to SSRN (deceased)

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