Letter: Give Friedman's prize to Keynes

IT SEEMS the 'world recession' was caused by governments following the simplistic monetarist policies of Nobel Prize-winning Professor Milton Friedman.

With President-elect Bill Clinton supporting Keynsian-inspired policies instead, and (more appositely) our own tortoise-quick Government stepping back in a Keynesian direction, would it not be possible to have the irritating professor's Nobel Prize annulled?

This would serve as a symbolic scalp for the millions of victims of the recession and the award could be directly, if posthumously, transferred to the more trustworthy (albeit late) J M Keynes.

Lee Brown

Sheffield