This article deals with the economists' depiction of American consumers' attitudes and behavior in relation to inflation, 1965-79. There were two sides in the debate, the neo-Keynesians and the monetarists. The former played down the costs of inflation regardless of the public's perception to...

It is not impossible for there to be another economist of Milton Friedman’s stature, but it is unlikely. Milton had a rare combination of characteristics. His brilliance showed up in his economics work early in his life and led him to some major contributions that affected the profession’s...

The measurement of economies no longer by GDP alone, but by an Index that includes other important factors as well, a Social factors relativized GDP. Social factors relativized GDP: GDP – GDP x GINI = K_Index Written differently: (1 – GINI) x GDP = K_Index Inflation indexed Version: (1 –...