----------------- HES POSTING ----------------- At the HES 1998 Conference in Montreal Joerg Bibow presented a paper on this subject: "Central Bank Independence from a Historical Perspective: An Analysis of the Monetary Thought of Maynard Keynes and Milton Friedman". I remember him saying that he started research on this subject because he was struck by the fact that neither Friedman nor Keynes would have supported central bank independence which was the cornerstone for the construction of the ECB. I have not seen the paper published yet, it might be under review somewhere. Thomas Moser ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]