Friedman's Influence Pushes Economics Back, Squeezing Out Keynesianism.
Milton Friedman's ideas have had a big impact on economics, mainly because of the rise of neoliberalism. His success shows that economics has some weak points and has moved away from Keynesianism. New Keynesian economics is just a mix of new classical macroeconomics with some tweaks. This shift has pushed out old Keynesian ideas and keeps economics in Friedman's shadow.