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 lifespan Prize in economical Sciences. Among scholars, he is best go to bed for his theoretical and empirical research, especi eithery spending analysis, monetary narration and theory, and for his notification of the complexity of stabilization constitution.[1] He was an economic adviser to U.S. professorship Ronald Reagan. Over time, many governances unspoilt his restatement of a judicatureal school of thought that extolled the virtues of a free market place economic trunk with petty intervention by government. As a drawing posting of the Chicago school of economics, establish at the University of Chicago, he had enormous influence in ascertain the research agenda of the superb profession. Milton Friedmans works, which include many monographs, books, academic articles, papers, magazine columns, television programs, videos, and lectures, question a broad localize 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 completely of it.

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

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