Milton Friedman Economic Theory. The economic theories of milton friedman have as much merit today as they did in the 1970 s. Friedman s free market theories influenced economic policies during his time as one of the university of chicago s leading intellectuals.
July 31 1912 november 16 2006 was an american economist 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. Milton friedman s economic theories became what is known as monetarism which built on and overturned. Milton friedman came to the forefront of economics at a time when free market economists were in short supply.
Moore 2009 milton friedman believed that great depression could have been avoided had the government injected sufficient liquidity into the economy.
Milton friedman was an american economist who advocated for free market capitalism. At every opportunity friedman argued passionately against government intervention and. July 31 1912 november 16 2006 was an american economist 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 said that the antidote to inflation was higher interest rates which in turn reduces the money supply.
