Milton Friedman Vs Keynes. Monetarist economics is milton friedman s direct criticism of keynesian economics theory formulated by john maynard keynes. He supported going back to economic policies that were more in line with 19th century thinking.
He supported going back to economic policies that were more in line with 19th century thinking. John maynard keynes was dead so did not directly argue the point keynesians viewed. Friedman was a staunch free market economist while keynes laid a significant amount of theory behind the idea that government spending contributed toward economic growth.
Friedman was a staunch free market economist while keynes laid a significant amount of theory behind the idea that government spending contributed toward economic growth.
Back in the 1960s and 1970s milton friedman challenged the keynesians over how monetary policy works. Back in the 1960s and 1970s milton friedman challenged the keynesians over how monetary policy works. John maynard keynes was dead so did not directly argue the point keynesians viewed. Friedman was a staunch free market economist while keynes laid a significant amount of theory behind the idea that government spending contributed toward economic growth.
