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3 days ago · Learn about the life and work of Milton Friedman, a U.S. economist and Nobel laureate who advocated free-market capitalism and monetarism as alternatives to Keynesian economics. Explore his influential theories on consumption, inflation, and stabilization policy.
Milton Friedman (/ ˈ f r iː d m ən / ⓘ; July 31, 1912 – November 16, 2006) 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.
Jun 16, 2022 · Learn about Milton Friedman, the American economist who challenged Keynesian theory and founded monetarism. Find out his achievements, books, awards, and influence on policy and markets.
Milton Friedman was an American economist and educator, one of the leading proponents of monetarism in the second half of the 20th century. He was awarded the Nobel Prize for Economics in 1976. Learn more about Friedman, including his contributions to economic theory, in this article.
This book made Milton Friedman a household name. Although much of his trailblazing work was done on price theory—the theory that explains how prices are determined in individual markets—Friedman is popularly recognized for monetarism .
Nov 16, 2006 · Friedman promoted the theory that changes in the money supply affect real economic activity in the short run and the price level in the long run, a theory he stated in his Study in the Quantity of Money (1956).
Monetarism is an economic theory that focuses on the macroeconomic effects of the supply of money and central banking. Formulated by Milton Friedman , it argues that excessive expansion of the money supply is inherently inflationary , and that monetary authorities should focus solely on maintaining price stability .
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