Friedman, Schwartz, Keynes and the Eurozone

  • 2012-02-15
  • By Janis Berzins
The economic debate in Brazil is well developed, with a very high level of theoretical sophistication. This is easily explained by the fact that Brazilian economists still have to read Adam Smith, David Ricardo, Stuart Mill, Jevons, Marshall, Keynes, and Kalecki, among others, as part of their intellectual formation. The idea is simple: knowing the great masters makes you to construct more robust models, and at the same time it impedes snake-oil salesmen from fooling around. The European Union and Latvia are full of them.Discussing the Eurozone’s problems with a Brazilian frie...
 
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