Milton Friedman Biograpgy

Milton Friedman (July 31, 1912 November 16, 2006) was an American economist, statistician, a prof at the University of Chicago, and the recipient of the Nobel autobiography Prize in sparing Sciences. Among scholars, he is best have it away for his theoretical and empirical research, especi eithery breathing in analysis, monetary narration and theory, and for his presentation of the complexity of stabilization constitution.[1] He was an economic adviser to U.S. chairwoman Ronald Reagan. Over time, many political relations skilful his restatement of a regimeal philosophical system that extolled the virtues of a free trade economic trunk with sm exclusively(a) intervention by government. As a drawing tantalise of the Chicago school of economics, ground at the University of Chicago, he had bighearted influence in ascertain the research agenda of the unsloped profession. Milton Friedmans works, which include many monographs, books, donnish articles, papers, magazine columns, television programs, videos, and lectures, crusade a giving say of topics of microeconomics, macroeconomics, economic history, and public insurance policy issues. The Economist described him as the most influential economist of the second half of the twentieth centurypossibly of all of it.

[2] Friedman was originally a Keynesian supporter of the New regale up and advocate of government intervention in the economy. However, his fifties reinterpretation of the Keynesian consumption move challenged the basic Keynesian model. At the University of Chicago, Friedman became the of import advocate for debate Keynesianism.[3] During the 1960s he promoted an utility(a) macroeconomic policy know as monetarism. He theorized on that point existed a natural score of unemployment and he argued the central government could non micromanage the economy because people would hear what the government was doing and change their word form to neutralize such policies. He rejected the Phillips Curve and predicted that then-existing Keynesian policies would cause stagflation (high inflation and...If you fatality to get a broad essay, order it on our website: Orderessay

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