The Two Economists Who Fought Over How Free the Free Market Should Be

Nicholas Wapshott’s “Samuelson Friedman” looks at a feud that continues to define the economic direction of the United States.


By Paul Krugman

SAMUELSON FRIEDMAN
The Battle Over the Free Market
By Nicholas Wapshott

The New Deal and World War II transformed the U.S. economy from a market free-for-all into a system that was still capitalist, but with many of the rough edges sanded off.

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