http://www.neoclassic.com Neo Classical Thu, 22 Oct 2009 13:07:49 +0000 http://wordpress.org/?v=2.8 en hourly 1 http://www.neoclassic.com/monetarism-and-neoclassical-economics.html?utm_source=rss&utm_medium=rss&utm_campaign=monetarism-and-neoclassical-economics http://www.neoclassic.com/monetarism-and-neoclassical-economics.html#comments Sun, 20 Sep 2009 13:01:29 +0000 Neo http://www.neoclassic.com/?p=528 “The Great Depression, like most other periods of severe unemployment,” wrote American economist Milton Friedman, “was produced by government mismanagement rather than by any inherent instability of the private economy.” Friedman’s early career was defined by his support of the Keynesian principles that embraced large-scale government intervention through spending in order to stimulate a depressive [...]]]> http://www.neoclassic.com/monetarism-and-neoclassical-economics.html/feed 0