December 19, 2008

News & Opinion: Galbraith v. Friedman

By: 800-CEO-READ @ 9:30 PM – Filed under: Current Events & Public Affairs

Barry Gewen of Paper Cuts (NYT book blog) had a very interesting post on the intellectual stock of John Kenneth Galbraith versus that of Milton Friedman on Wednesday. These two heavyweights of 20th century economics largely built the intellectual framework we hang our current discussions of macroeconomics on. Mr. Gewen's advice on the two giants' current stock? "Buy Galbraith." Judging by the number of folks I've recently seen recommending Galbraith's book The Great Crash: 1929, I'd tend to agree. But, not all Paper Cuts readers do, and the conversation in the post's comments section is quite lively. You can add to the discussion here. Books by John Kenneth Galbraith: The New Industrial State | A Short History of Financial Euphoria | The Affluent Society Milton Friedman wrote: Money Mischief: Episodes in Monetary History | Essays in Positive Economics | Capitalism and Freedom