Why do scholars study the causes of the Great Depression ?
With the rhetoric of ridicule Keynes tried to discredit the liquidationist view in presenting Hayek , Robbins and Schumpeter asMilton Friedman stated that at the University of Chicago such “ dangerous nonsense ” was never taught and that he understood why at Harvard — where such nonsense was taught — bright young economists rejected their teachers ' macroeconomics , and become Keynesians .