This paper finds a significant influence of Milton Friedman on U.K. economic policy from the 1970s onward, and especially during the period of the Thatcher Government. The finding is based on a consideration of statements by policymakers and key economic advisers, as well as an analysis of...

1. Introduction. A distinctive proponent of classical political economy in the Spanish-speaking world -- 2. The Absolutism six-year Period (1814-1820). Encountering Smith and Say -- 3. The Liberal Triennium (1820-1823). Mora, Bentham and radical liberalism -- 4. London (1824-1827). The approach...

The theory and practice of stabilization policy has taken many turns as it evolved over the past century, oscillating between high hopes and deep skepticism regarding the capacity - and desirability - of governments taking responsibility for macroeconomic stability. This paper reviews the...

""Of All the Economic Bubbles that have been pricked," the editors of the Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided...