Kritik irrationaler Akteure. Ob diese Kritik stets moralisch berechtigt ist, bleibt jedoch fraglich. …

acknowledged head of the ?Chicago School? of monetary economics, called ?monetarism?. A year later, in 1976, Friedman received the … time was the Paul Snowden Russell Distinguished Service Professor of Economics at the University of Chicago; and … the neo-liberal mainstream of the economics profession during this period. At the time he was also a regular contributor …

Monetarism is a macroeconomic theory predicated on the belief that a capitalist economy is inherently stable. Therefore … monitered and controlled. The above paragraph is a rough definition of Monetarism. This paper attempts to answer two questions … as concerns Monetarism. First of all is Monetarism a valid economic theory? In other words how well does Monetarist …