A macat analysis milton freedman's The role of monetary policy (Record no. 60286)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02041nam a22001457a 4500 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| ISBN | 9781912127368 |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 332.46 |
| Item number | BRO/M |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Broten, Nick |
| 245 ## - TITLE STATEMENT | |
| Title | A macat analysis milton freedman's The role of monetary policy |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | Lonodn |
| Name of publisher | Macat International |
| Year of publication | 2017 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | 93p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | Milton Friedman was one of the most influential economists of all time – and his ideas had a huge impact on the economic policies of governments across the world.<br/><br/>A key theorist of capitalism and its relationship to democratic freedoms, Friedman remains one of the most cited authorities in both academic economics and government economic policy. His work remains striking not just for its brilliant grasp of economic laws and realities, but also for its consistent application of high-level evaluation and reasoning skills to produce arguments that can convince experts and laypeople alike.<br/><br/>Friedman’s 1968 essay ‘The Role of Monetary Policy’ is a key example of how Friedman’s critical thinking skills helped to cement his influence and reputation. The paper addressed the question of how a government’s monetary policy affects the economy – from employment levels to inflation and so on. At its heart lies an evaluation and critique of the most widely accepted conception of monetary policy at the time – the ‘Phillips Curve’ – which argued that increased inflation leads naturally to increased employment. Systematically noting the flaws and weaknesses of the Phillips Curve theory, Friedman showed why this is not, in fact, the case. He then drew up a systematic alternative argument for what governmental monetary policy could and should aim to do.<br/>Though economists now consider Friedman’s ideas to have considerable limitations, ‘The Role of Monetary Policy’ remains a masterclass in evaluating and countering faulty arguments.<br/><br/> |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | Monetary policy |
| -- | United States |
| -- | Consumers' preferences |
| -- | Economics--Methodology |
| -- | Friedman, Milton, 1912-2006 |
| -- | Economics |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | BK |
| 952 ## - LOCATION AND ITEM INFORMATION (KOHA) | |
| Withdrawn status | |
| Lost status | |
| Damaged status | |
| Home library | Shelving location | Date acquired | Full call number | Accession Number | Koha item type |
|---|---|---|---|---|---|
| Kannur University Central Library | Stack | 30/12/2020 | 332.46 BRO/M | 51839 | BK |