Definitions for milton friedman
mil·ton fried·man

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1. Friedman, Milton Friedmannoun

   United States economist noted as a proponent of monetarism and for his opposition to government intervention in the economy (born in 1912)

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1. milton friedman

   Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. He was a strong advocate for free-market policies and is considered one of the main proponents of monetarism, a school of thought in monetary economics. His works and theories highly influenced the economic policies during the Reagan administration in the United States. His other well-known works include "A Theory of the Consumption Function", "A Monetary History of the United States", "Capitalism and Freedom", and many others.

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1. Milton Friedman

   Milton Friedman was an American economist, statistician, and writer who taught at the University of Chicago for more than three decades. He was a recipient of the Nobel Memorial Prize in Economic Sciences, and is known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. As a leader of the Chicago school of economics, he profoundly influenced the research agenda of the economics profession. A survey of economists ranked Friedman as the second most popular economist of the twentieth century after John Maynard Keynes, and The Economist described him as "the most influential economist of the second half of the 20th century...possibly of all of it." Friedman's challenges to what he later called "naive Keynesian" theory began with his 1950s reinterpretation of the consumption function, and he became the main advocate opposing activist Keynesian government policies. In the late 1960s he described his own approach as using "Keynesian language and apparatus" yet rejecting its "initial" conclusions. During the 1960s he promoted an alternative macroeconomic policy known as "monetarism". He theorized there existed a "natural" rate of unemployment, and argued that governments could increase employment above this rate only at the risk of causing inflation to accelerate. He argued that the Phillips curve was not stable and predicted what would come to be known as stagflation. Though opposed to the existence of the Federal Reserve, Friedman argued that, given that it does exist, a steady, small expansion of the money supply was the only wise policy.

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1. milton friedman

   Quotes by milton friedman -- Explore a large variety of famous quotes made by milton friedman on the Quotes.net website.

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1. • Economist

How to pronounce milton friedman?

1. Alex

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Numerology

1. Chaldean Numerology

   The numerical value of milton friedman in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of milton friedman in Pythagorean Numerology is: 9

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=milton friedman
2. ^ ChatGPT
   https://chat.openai.com
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=milton friedman