They argue that Americans have misinterpreted the cause of the Depression, seeing it as a failure of the private economic system which was rescued by the Government, whereas the Friedmans consider that government measures in fact precipitate the Depression. The Friedmans argue that there has been growing government involvement in the United States economy, which they attribute in part to the response by Americans to the Great Depression of the 1930s. be unfair to the Friedmans, and to New Zealand.įor Milton Friedman, professor of economics at Chicago University and, 1976 Nobel prize-winner, and Rose, his wife (the only information the book accords her), are “little Americans” – that is, their book is about America and is intended primarily for Americans, and it does not relate easily to New Zealand conditions:Ĭhapter three, for instance, plays a central role in the book. Expressions from it (or from the television series on which it is based) are already gaining currency here. This book may well become a bible for advocates or the political right in New Zealand. Keywords: History of Ideas, Methodology & Philosophy
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