Milton Friedman

Milton Friedman Milton Friedman, like so many great life stories, was the number of a very tough childhood. He was son to a couple of poor immigrants, born on 31 July 1912, in New York, America. At the age of fifteen, Friedmans father died. Despite this, he won a scholarship to both Rutgers University and the University of dough, where he achieved a Bachelor of the Arts degree in sparings. The very future(a) year he received an MA at Chicago University. He then worked for the National Bureau of Economic look for (from 1937) while teaching at many universities, but it was only if at Chicago in 1946 that he was given the cognomen of professor of economics. Thirty years later, in 1976, he was awarded the Nobel measure for economics, for his achievements in the field of consumption analysis, monetary history and theory, and for his proof of the complexity of stabilisation polity. Through his life, Friedman has published many books, articles in newspapers and periodicals. He has also appeared on radio and television in countless interviews. Friedman is strictly a monetarist. This means that he believed that swelling was a direct result of growth in the release of money into an economy.

His views differed however, with those of his contemporaries, in the major point that he believed that economic stability could only be reached through non-intervention on behalf of the government. This constitution is often known as laissez-faire (French for let things be) economics. The policy at the time was for the government to sharply increase or decrease money supply, to counteract inflation, in an attempt to arrive at a stable economy. Friedman argued however, that this intervention was destabilising, and that what was needed was a unshakable money flow to create a basic fabric for the economy; the rest should be left up to case-by-case competition. This school of thought goes along the lines of It is in the best pertain of the producer to satisfy the consumers wishes. By... If you want to get a wax essay, order it on our website: Ordercustompaper.com

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