The Legacy of Keynes and Friedman

Keynes and Friedman, two monetary revolutionaries of this century, are shown reacting against orthodoxy in different ways.

This work deals with the economic systems of the two monetary revolutionaries of this century. Friedman used the system of testing one hypothesis against another rather than using a naive model. He provided analytical, political, and ideological positions that yield an all-encompassing analytical system.

This work deals with the economic systems of the two monetary revolutionaries of this century. They reacted against orthodoxy in different ways, with Friedman redirecting and reinforcing Keynes' major contributions. Friedman used the system of testing one hypothesis against another rather than using a naive model. He provided analytical, political, and ideological positions that yield an all-encompassing analytical sys