The Forgotten Case Against Milton Friedman: Jacobin’s Interview with Tom Palley

Summary:
In 1967, Milton Friedman launched a counterrevolution in economics that overturned the Keynesian theory of inflation. Three years later, economist James Tobin issued a powerful theoretical rebuttal — but in the economics mainstream, it’s been all but forgotten.Read full interview here.

Topics:
Matias Vernengo considers the following as important: Milton Friedman, Palley, Tobin

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