- Paperback: 296 pages
- Publisher: Schaum Outline Series (1 Jan 1987)
- Language English
- ISBN-10: 0070170509
- ISBN-13: 978-0070170506
- Product Dimensions: 21.4 x 14.9 x 1.9 cm
- Amazon Bestsellers Rank: 3,563,275 in Books (See Top 100 in Books)
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1 of 1 people found the following review helpful
Very Educational - Keynes vs. Friedman
3 Feb 2009
Format:Paperback
With the current financial events, this out-of-print beastie has become relevant. I found it to be educational and objective, but the explanations were occasionally difficult to follow. Recommended, but with reservations. Although I am sure that there are better resources, I found this book to be useful and worthwhile.
The title is a wee bit misleading. This is how the chapters break down:
5 chapters on Money and Banking
2 chapters on the Fed and the Money Supply
3 chapters on Monetarism
3 chapters on Keynesianism
1 chapter on Int'l Trade
The explanations of IS vs. LM schedules bears repeated reading and study, as are the many comments on the implications of the interest rate.
You need to be aware, however, of its dated presentation; this is both a strength and weakness. The copyright page shows that it is 2 decades old. While economists have moved beyond these theories, current economic thought is based on these 2 competing theories (Monetarism-quantity of money theory-Friedman vs. Keynes-fiscal policy)
Note also that the use of "Review Questions" and "Solved Problems" is rather different from other titles of the series. The main chapter text gives generalities and principles, and the rest of the chapter supplies details, explanations, applications, and real world examples.
The title is a wee bit misleading. This is how the chapters break down:
5 chapters on Money and Banking
2 chapters on the Fed and the Money Supply
3 chapters on Monetarism
3 chapters on Keynesianism
1 chapter on Int'l Trade
The explanations of IS vs. LM schedules bears repeated reading and study, as are the many comments on the implications of the interest rate.
You need to be aware, however, of its dated presentation; this is both a strength and weakness. The copyright page shows that it is 2 decades old. While economists have moved beyond these theories, current economic thought is based on these 2 competing theories (Monetarism-quantity of money theory-Friedman vs. Keynes-fiscal policy)
Note also that the use of "Review Questions" and "Solved Problems" is rather different from other titles of the series. The main chapter text gives generalities and principles, and the rest of the chapter supplies details, explanations, applications, and real world examples.
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