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From one of the nation's preeminent experts on economic policy, a major reassessment of the foundations of modern economic thinking that explores the profound influence of a previously unrecognized force--religion.Critics of contemporary economics complain that the belief in free markets--among economists as well as many ordinary citizens--is a form of religion. And, it turns out, that in a deeper, more historically grounded sense there is som...

From one of the nation's preeminent experts on economic policy, a major reassessment of the foundations of modern economic thinking the explores the profound influence of an until-now unrecognized force--religion.Critics of contemporary economics complain that belief in free markets--among economists as well as many ordinary citizens--is a form of religion. And, it turns out, that in a deeper, more historically grounded sense there is somethin...

Si parla tanto di crescita, di fatto con un interrogativo di fondo, più o meno sotteso alle tante prospettive adottate: fino a che punto è un bene e un male? Come e quando è un bene? L'opera di Friedman propone un'analisi acuta e argomentata dei motivi per cui lo sviluppo economico rende una società più aperta, tollerante e democratica, tre caratteristiche che stimolano a loro volta iniziativa, creatività e dunque nuovo sviluppo. L'autore, per...

Six leading economists examine the financing of corporate capital formation in the U.S. economy. In clear and nontechnical terms, their papers provide valuable information for economists and nonspecialists interested in such questions as why interest rates are so high, why corporate debt has accelerated in recent years, and how government debt affects private financial markets. Addressing these questions, the contributors focus chiefly on thre...

Due to the fundamental two-way interaction between the theoretical and the empirical aspects of monetary economics, together with the relationship of both to matters of public policy, any organization of material comprehensively spanning the subject is bound to be arbitrary. The 23 surveys commissioned for this Handbook have been arranged in a way that the editors feel reflects some of the most important logical divisions within the field and ...

From the author of Day of Reckoning, the acclaimed critique of Ronald Reagan's economic policy ("Every citizen should read it, " said The New York Times): a persuasive, wide-ranging argument that economic growth provides far more than material benefits. In clear-cut prose, Benjamin M. Friedman examines the political and social histories of the large Western democracies-particularly of the United States since the Civil War-to demonstrate the f...

Due to the fundamental two-way interaction between the theoretical and the empirical aspects of monetary economics, together with the relationship of both to matters of public policy, any organization of material comprehensively spanning the subject is bound to be arbitrary. The 23 surveys commissioned for this Handbook have been arranged in a way that the editors feel reflects some of the most important logical divisions within the field and ...

What are the goals of monetary policy and how are they transmitted? Top scholars summarize recent evidence on the roles of money in the economy, the effects of information, and the growing importance of nonbank financial institutions. Their investigations lead to questions about standard presumptions about the rationality of asset markets and renewed interest in fiscal-monetary connections. Stopping short of advocating conclusions about the id...