The eclipse of Keynesianism : the political economy of the Chicago counter-revolution / Robert Leeson.

Includes bibliographical references (pages 149-175) and index.

1. Introduction -- 2. 'The Ghosts I Called I Can't Get Rid of Now': the Keynes-Tinbergen-Friedman-Phillips Critique of Keynsian Macroeconometrics -- 3. The Chicago Counter-Revolution and the Sociology of Economic Knowledge -- 4. The Rise of the Natural-Rate of Unemployment Model -- 5. Does the Expectations Trap Render the Natural-Rate Model Invalid in the Disinflationary Zone? -- 6. Language and Inflation -- 7. Friedman and the Walrasian Equations of the Natural-Rate Counter-Revolution.

"This book examines the internal dynamics of the economics profession and explores the process by which two Chicago economists, Milton Friedman and George Stigler, influenced the direction of world history in the last quarter of the twentieth century. In macroeconomics, the quantity theory was economically 'tested' against its hegemonic Keynesian rival and as a result became highly influential. But in microeconomics no comparable body of literature emerged to 'test' the theory of monopolistic competition." -- BOOK JACKET.