Samuelson Friedman

The Battle Over the Free Market

Nicholas Wapshott

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Hardback

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English

Norton
09 July 2021

Biography: general; 20th century history: c 1900 to c 2000; Education; Economics & Business; Economic theory & philosophy; Economic history

In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes's?

General Theory. Milton Friedman, little known at that time outside of conservative academic circles, championed ?monetarism? and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy.

In the nimble hands of author and journalist Nicholas Wapshott, Samuelson and Friedman's decades-long argument becomes a window through which to view one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and ?stagflation,? it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today.

By: Nicholas Wapshott
Imprint: Norton
Country of Publication: United States
Dimensions: Height: 244mm, Width: 163mm, Spine: 33mm
Weight: 616g
ISBN: 9780393285185
ISBN 10: 0393285189
Pages: 384
Publication Date: 09 July 2021
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

Nicholas Wapshott's many books include biographies of Margaret Thatcher and Carol Reed, Keynes Hayek: The Clash That Defined Modern Economics, and The Sphinx: Franklin Roosevelt, the Isolationists, and the Road to World War II. He lives in New York City.

Reviews for Samuelson Friedman: The Battle Over the Free Market

Summarising the debate between the two most important economists of the second half of the 20th century might seem like a monumental task, best consigned to specialist textbooks. But this brave history of the intellectual duel between Paul Samuelson and Milton Friedman proves that assumption wrong, with its focus as much on their lives as their ideas. -- Zareer Masani - Literary Review