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based on the idea that these economists shared a view of the method appropriate to economic theorizing. I first present a …
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among businessmen. Whereas economists before him tended to focus on the role of expectations in assets markets only …
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This chapter uses the Great Depression as a case study to investigate Keynes' and Friedman's respective appraisals of this severe episode. We analyse first Friedman's explanation of the Great Depression as phenomenon driven by monetary mismatches. We show that the late Friedman eventually put at...
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