Among economists following an idea known as “market monetarism”, one of their core proposals is that the central bank should “target” a specific annual rate of increase in the nominal GDP figures...
Matthew Tanous
Matthew Tanous is a professional software developer with an autodidactic interest in economics, history, philosophy, and science. He is a main contributor for the blog Disinthrallment.
Latest work
Key methodological differences between Austrians were highlighted in Milton Friedman's "The Methodology of Positive Economics." A key piece of conflict: Friedman's focus on prediction rather than explanation.
Listen to the Audio Mises Wire version of this article. In 1966, famed Chicago School economist Milton Friedman wrote a hugely influential essay on the methodology of economics entitled “The...
