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The case for central bank independence is built on an intellectual two-step. Step one argues there is a problem of inflation prone government. Step two argues independence is the solution to that problem. This paper challenges that case and shows it is based on false politics and economics. The...
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forces that have made neoliberalism the dominant global ideology, but Friedman also rode those forces and contributed to them …
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The engineer economist -- The failure of postwar reconstruction -- Rueff and French economic strategy during the Depression -- The crisis of liberalism and the future of liberal capitalism in the 1930s -- L'ordre social and the war -- Reconstruction and inflation -- Keynes, the postwar "age of...
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–“natural rate theory”- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the “natural rate theory,” focusing on labor market institutions only and … confronts the economic trends with the interpretations of the “natural rate theory” and argues that they hardly fitting the …
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