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Monetarism and Supply Side Economics
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Monetarism and Supply Side Economics

Free Market Thought in the 20th Century

The Great Economic Thinkers Series
By Dr. Arjo Klamer, Alan Reynolds, Israel Kirzner, Mike Hassell & Arjo Klamer
Narrated by Louis Rukeyser / 2 hours 45 minutes

Monetarism emerged in the 1960s under the leadership of Milton Friedman, who received the Nobel Prize in 1976. Friedman taught at the University of Chicago during this period, developing monetarism as a branch of Frank Knight’s famous “Chicago School” of economics. Monetarists emphasize the role of money and the government’s monetary policy in economic affairs; they vigorously defend the free market in their work.

Supply side economics, another modern branch of free market economics, emphasizes the harmful role of impediments to production (such as taxes). Robert A. Mundell is often considered the father of this modern school of economic thought. Supply side economics advocates government policies that would stimulate increased overall economic production, rather than redistribute existing production.

The Great Economic Thinkers Series is a collection of presentations that explain in understandable language the major ideas of history’s most important economists. Special emphasis is placed on each thinker’s attitude toward capitalism, revealing their influence in today’s debate on economic progress and prosperity.

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The Great Economic Thinkers Series Series

Karl Marx: Das Kapital
Karl Marx: Das Kapital
David Ramsay Steele, Dr. Israel Kirzner, Mike Hassell & Israel Kirzner
The German Historical School of Economics
The German Historical School of Economics
Dr. Nicholas Balabkins, Israel Kirzner, Mike Hassell & Nicholas Balabkins
Frank Knight and the Chicago School
Frank Knight and the Chicago School
Dr. Arthur M. Diamond, Jr., Israel Kirzner, Mike Hassell & Arthur M. Diamond
The Classical Economists
The Classical Economists
Dr. E. G. West, Israel Kirzner, Mike Hassell & E. G. West
The Austrian Case for the Free Market Process
The Austrian Case for the Free Market Process
Dr. William Peterson, Israel Kirzner, Mike Hassell & William Peterson
Monetarism and Supply Side Economics
Monetarism and Supply Side Economics
Dr. Arjo Klamer, Alan Reynolds, Israel Kirzner, Mike Hassell & Arjo Klamer
Alfred Marshall and Neoclassicism
Alfred Marshall and Neoclassicism
Dr. Robert Hu00e9bert, Israel Kirzner, Mike Hassell & Robert Hébert
Early Austrian Economics
Early Austrian Economics
Dr. Israel Kirzner, Mike Hassell & Israel Kirzner
Joseph Schumpeter and Dynamic Economic Change
Joseph Schumpeter and Dynamic Economic Change
Dr. Laurence S. Moss, Israel Kirzner, Mike Hassell & Laurence S. Moss
Struggle over the Keynesian Heritage
Struggle over the Keynesian Heritage
Dr. Paul Davidson, Israel Kirzner, Mike Hassell & Paul Davidson
Thorstein Veblen and Institutionalism
Thorstein Veblen and Institutionalism
Dr. William Peterson, Israel Kirzner, Mike Hassell & William Peterson
The Vision of Léon Walras
The Vision of Léon Walras
Dr. Donald Walker, Israel Kirzner, Mike Hassell & Donald Walker
The Keynesian Revolution
The Keynesian Revolution
Israel Kirzner, Dr. Frank Vorhies, Frank Vorhies, Mike Hassell & Fred Glahe

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