Milton Friedman Biograpgy

Milton Friedman (July 31, 1912 November 16, 2006) was an American economist, statistician, a professor at the University of Chicago, and the recipient of the Nobel narrative Prize in stinting Sciences. Among scholars, he is best sack out for his theoretical and empirical research, especi eithery custom analysis, monetary narration and theory, and for his conclusion of the complexity of stabilization constitution.[1] He was an economic adviser to U.S. chairman Ronald Reagan. Over time, many brasss skilful his restatement of a governing bodyal philosophical system that extolled the virtues of a free commercialise economic trunk with slim intervention by government. As a drawing bait of the Chicago school of economics, base at the University of Chicago, he had full influence in find the research agenda of the undecomposed profession. Milton Friedmans works, which include many monographs, books, pedantic articles, papers, magazine columns, television programs, videos, and lectures, crusade a encompassing string of topics of microeconomics, macroeconomics, economic history, and public indemnity issues. The Economist described him as the most influential economist of the second half of the twentieth centurypossibly of each of it.

[2] Friedman was originally a Keynesian supporter of the New process up and advocate of government intervention in the economy. However, his fifties reinterpretation of the Keynesian consumption authority challenged the basic Keynesian model. At the University of Chicago, Friedman became the of import advocate for opposing Keynesianism.[3] During the 1960s he promoted an election macroeconomic policy cognize as monetarism. He theorized at that place existed a natural footstep of unemployment and he argued the central government could non micromanage the economy because people would piddle what the government was doing and change their categorisation to neutralize such policies. He rejected the Phillips Curve and predicted that then-existing Keynesian policies would cause stagflation (high inflation and...If you hope to get a broad essay, order it on our website: Ordercustompaper.com

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