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*'''Monetarism'''- advocated by economists such as [[Milton Friedman]] and [[Anna Schwartz]], monetarism rejects Keyne's demand management and government intervention proposals, stating that these create distortions in the market and force out the more efficient private firms.
*'''Monetarism'''- advocated by economists such as [[Milton Friedman]] and [[Anna Schwartz]], monetarism rejects Keyne's demand management and government intervention proposals, stating that these create distortions in the market and force out the more efficient private firms.
*'''Keynesian'''- this school stems from the original work of [[John Maynard Keynes]], and uses the principal of [[aggregate demand]] to explain unemployment and changing levels of economic growth. Keynesian economists usually advocate demand management or [[fiscal policy]] as a means of correcting market failure.
*'''Keynesian'''- this school stems from the original work of [[John Maynard Keynes]], and uses the principal of [[aggregate demand]] to explain unemployment and changing levels of economic growth. Keynesian economists usually advocate demand management or [[fiscal policy]] as a means of correcting market failure.
==Further reading==
* Buchholz, Todd G. ''New Ideas from Dead Economists: An Introduction to Modern Economic Thought'' (2007), [http://www.amazon.com/New-Ideas-Dead-Economists-Introduction/dp/0452288444/ref=sr_1_2?ie=UTF8&qid=1254858338&sr=8-2-fkmr0 excerpt and text search], by conservative economist
* [http://www.h-net.msu.edu/reviews/showrev.cgi?path=9872935679950 Cate, T., Colander, D., and Harcourt,g. ''Encyclopedia of Keynesian Economics''. 1997]
* Coats, A. W. Bob ''The Development of Economics in Western Europe since 1945'' 1999 [http://www.questia.com/PM.qst?a=o&d=109285982 online edition]
* Dorfman, Joseph. ''The Economic Mind in American Civilization,'' (5 vol 1947-1959), thorough coverage down to 1933.
* Eatwell, John et al eds. ''The New Palgrave Dictionary of Economics'' 3 vol 1998;
** 2nd edition (8 vol 2008), edited by Steven Durlauf and Lawrence Blume
*Ekelund, Robert B., and Robert F. Hebert. ''A History of Economic Theory and Method'' (2007)
* Negishi, T. ''History of Economic Theory'' (1989) [http://www.amazon.com/History-Economic-Advanced-Textbooks-Economics/dp/044470437X/ref=sr_1_18/103-4827826-5463040?ie=UTF8&s=books&qid=1190649241&sr=8-18 excerpt and text search]
* Robbins, Lionel et al. ''A History of Economic Thought'' (2000) [http://www.amazon.com/History-Economic-Thought-Lionel-Robbins/dp/0691070148/ref=pd_bbs_3/103-4827826-5463040?ie=UTF8&s=books&qid=1190648431&sr=8-3 excerpt and text search]
* Roncaglia, Alessandro. ''The Wealth of Ideas: A History of Economic Thought'' (2006) [http://www.amazon.com/Wealth-Ideas-History-Economic-Thought/dp/0521691877/ref=pd_bbs_sr_4/103-4827826-5463040?ie=UTF8&s=books&qid=1190648431&sr=8-4 excerpt and text search]
* Samuels, Warren, John Davis, and Jeff Biddle, eds. ''A Companion to the History of Economic Thought.'' (2003) [http://www.amazon.com/Companion-Blackwell-Companions-Contemporary-Economics/dp/1405134593/ref=pd_bbs_sr_1/103-4827826-5463040?ie=UTF8&s=books&qid=1190729175&sr=8-1 excerpt and text search]
* Samuels, Warren J. ''Histories of Economic Thought'' (2003) [[http://www.amazon.com/Histories-Economic-Thought-Research-Methodology/dp/0762309970/ref=sr_1_16/103-4827826-5463040?ie=UTF8&s=books&qid=1190648431&sr=8-16 excerpt and text search]
* Snowdon, Brian ''The Power of Ideas - an interview with Joel Mokyr'' World Economics July-September 2007 [www.world-economics-journal.com]
* [http://www.chass.utoronto.ca/~munro5/schump.htm#N_1_ Schumpeter, Joseph A., ''History of Economic Analysis'', (1954, 1996)] [http://www.amazon.com/History-Economic-Analysis-New-Introduction/dp/0195105591/ref=sr_1_15/103-4827826-5463040?ie=UTF8&s=books&qid=1190648431&sr=8-15 excerpt and online search]
* Wahid, Abu N. M. ''Frontiers of Economics: Nobel Laureates of the Twentieth Century'' 2002 [http://www.questia.com/PM.qst?a=o&d=107166560 online edition]
==References==
==References==
<small><references/></small>
<small><references/></small>
* [[Milton Friedman]]
* [[Milton Friedman]]
* [[John Maynard Keynes]]
* [[John Maynard Keynes]]
* [[Ludwig von Mises]]
[[Category:Economics]]
[[Category:Economics]]