Sammanfatta socialliberal och klassisk liberal ekonomisk teori

Monetarism today is mainly associated with the work of Milton Friedman, who was among the generation of economists to accept Keynesian economics and then critique it on its own terms. Friedman and Anna Schwartz wrote an influential book, Monetary History of the United States 1867-1960, and argued that "inflation is always and everywhere a monetary phenomenon." Friedman advocated a central bank policy aimed at keeping the supply and demand for money at equilibrium, as measured by growth in productivity and demand. The monetarist argument that the demand for money is a stable function gained considerable support during the late 1960s and 1970s from the work of David Laidler. While most monetarists believe that government action is at the root of inflation, very few advocate a return to the gold standard. Friedman, for example, viewed the gold standard as highly impractical. The former head of the United States Federal Reserve, Alan Greenspan, is generally regarded as monetarist in his policy orientation. The European Central Bank officially bases its monetary policy on money supply targets.

It is associated with neoclassical price theory and free market libertarianism, the refutation and rejection of Keynesianism in favor of monetarism (until the 1980s, when it turned to rational expectations), and the rejection of regulation of business in favor of laissez-faire.

The Chicago school of economics is a school of thought favoring free-market economics practiced at and disseminated from the University of Chicago in the middle of the 20th century. The leaders were Nobel laureates George Stigler and Milton Friedman. Its attitudes towards economics are the intellectual heirs of the Austrian school of economics.

Friedman and Anna Schwartz wrote an influential book, Monetary History of the United States 1867-1960, and argued that "inflation is always and everywhere a monetary phenomenon".

Exakt hur Friedman influerades av den österrikiska skolan, och exakt vari hans kritik av Keynes består, det har jag dock ingen koll på.

Svanberg har skrivit en bra uppsats om Keynes:
http://www.dwyfl.org/~knast/filer/Keynes_ar_ond.pdf