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by Anonymous on January 28th, 2007

Anonymous

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Of these three economists, Milton Friedman, John Kenneth Galbraith and John Maynard Keynes which one do you feel was most influential? Why?

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Answers. 8 helpful answers below.

  • by Perryman on January 30th, 2009

    Perryman

    John Maynard Keynes.

    He was a very strange man with some troubling beliefs and rather odd behavior, but his diagnosis of recessions and depressions remains the foundation of modern macroeconomics.


    Here is a link to a good story about him…


    http://www.npr.org/templates/story/story.php?storyId=100018973

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  • by Tinkerbell on January 27th, 2009

    Tinkerbell

    Hard to say, all were influential. In recent years Friedman has been very popular but I think with the current crisis we will see Keynes coming back into fashion quite a bit. Galbraith as well possibly, he was an excellent populariser of economics and since the economy is big news it is likely his book sales will increase. A Short History Of Financial Euphoria is excellent.

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  • by John on January 27th, 2009

    John

    John Maynard Keynes. His ideas was used in several countiries from the 1930's to the 1970's, and welfare states used many of his ideas when bulding their societies.

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  • by JORDZ on April 5th, 2007

    JORDZ

    Friedman. How much direct involvement did the other two have in the affairs of other countries? Zero. Also, Friedman created the idea of the payroll deduction. Not a great idea, but certainly influential. Lastly, Friedman was married to another great economist--his wife Rose!

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  • by Someguy on April 2nd, 2007

    Someguy

    Keynes on a macro side, but I always enjoyed Friedman. He spoke to the average Joe about how economics effects everyone.

    His TANSTAAFL (There ain't no such thing as a free lunch) work really hit home with a lot of people.

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  • by migarce on April 2nd, 2007

    migarce

    Keynes of course. Besides Adam Smith, father of Economics, Keynes did a magnificent job in the field of macroeconomics, discovering the causes and treatment of economic depression.

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  • by migarce on February 5th, 2007

    migarce

    No doubt it was Keynes. He just pointed out the basics for macroeconmics,especially the tools to overcome economic depression.

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  • by Doug_M5042 on April 5th, 2012

    Doug_M5042

    Friedman was the most influential out of these three. Keynesian Economics has been influential, but the modern ISLM and other "Keynesian" or "New Keynesian" type models have only weak and indirect links to Keynes' own work. The so called New Keynesian economics is based more on what Friedman published in the 1950-60s than anything Keynes published in the 1930s. A better question might be "who had more influence- Milton Friedman, Paul Samuelson, or John Hicks?".

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