Unformatted text preview: in. He was very controversial, challenging the old system to make a change. Secondly, Adolph Berle wrote on the American Political-Economic System. His view on the rules of the system was in tuned with Keynes. He, too, felt like the current political-economic thinking, classical, was very limited when dealing with the relevance of today’s processes. Thirdly, Milton Friedman spoke on how the government was bias in which their expenditures should rise in order to keep total expenditures stable. However, they usually consider private expenditures separate causing it to be unbalanced and making it easier for a recession to take place....
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- Fall '10
- Marketing, Keynesian economics, History of economic thought, Milton Friedman, John Keynes, somewhat similar views