Routledge Keynes and Friedman on Laissez-Faire and Planning

Explore the fundamental debate regarding the role of the State in a modern economy with this scholarly volume from Routledge Studies in the History of Economics. Following the 2008 financial crisis, discussions about the relevance of laissez-faire principles have become more urgent than ever. This book provides a fresh examination of the writings of John Maynard Keynes and Milton Friedman, looking at their views on economic planning and market freedom. Rather than simply focusing on their disagreements, this work identifies the areas where their economic concerns overlapped. By drawing parallels between the 2008 crisis and the 1929 financial crisis that led to the Great Depression, the text offers a new perspective on how to manage economic policy. It provides essential context for understanding how to approach fiscal and monetary decisions in both the short-run and the long-run. This is a valuable resource for students, historians, and anyone interested in the history of economic thought and the evolution of global financial policy.