History of Economic Thought (Economic Doctrines)

  1. Challenges to Keynesian Consensus
    1. Monetarism and Chicago School
      1. Milton Friedman
        1. Quantity Theory Restatement
          1. Monetary History of United States
            1. Natural Rate of Unemployment
              1. Expectations-Augmented Phillips Curve
                1. Permanent Income Hypothesis
                  1. Role of Monetary Policy
                    1. Critique of Fine-Tuning
                    2. Other Chicago Economists
                      1. George Stigler
                        1. Gary Becker
                          1. Robert Lucas
                        2. New Classical Economics
                          1. Rational Expectations Revolution
                            1. John Muth's Rational Expectations
                              1. Robert Lucas's Critique
                                1. Policy Ineffectiveness Proposition
                                2. Real Business Cycle Theory
                                  1. Finn Kydland and Edward Prescott
                                    1. Technology Shocks
                                      1. Calibration Methodology
                                      2. Microfoundations Program
                                        1. Representative Agent Models
                                          1. Dynamic Stochastic General Equilibrium
                                        2. Supply-Side Economics
                                          1. Laffer Curve
                                            1. Tax Cuts and Economic Growth
                                              1. Incentive Effects
                                                1. Critique of Demand Management

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                                              12. Post-War Economic Thought

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                                              14. Contemporary Economic Thought