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Topic: Milton Friedman

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In the News (Thu 18 Jul 19)

  First Measured Century: Interview: Milton Friedman
Milton Friedman is Professor Emeritus of Economics at the University of Chicago and Senior Fellow at the Hoover Institution.
MILTON FRIEDMAN: Simon Kuznets was an immigrant from Russia that came to this country at the age of, I think, sixteen or seventeen or eighteen, something like that, and studied at Columbia, where he came to the attention of Wesley Mitchell.
MILTON FRIEDMAN: I believe that one of the important factors that affected it, [that is] professional opinion, was the result of our book on the history of money, and the demonstration of the role that the Fed had played in the Great Depression.
www.pbs.org /fmc/interviews/friedman.htm   (3082 words)

 Milton Friedman: 1912-2006
Friedman was one of the most influential economists in the twentieth century and probably the most famous one advocating free markets, thanks in large part to his TV series and accompanying book "Free to Choose."
Friedman was challenged by other free-market economists, especially those of the Austrian school associated with Ludwig von Mises and F.A. Hayek, who opposed a government central bank and maintained that currency should be tied to commodities like gold, which were less susceptible to political manipulation.
Friedman, who said he favored economic liberty for pragmatic rather than principled reasons, also came under criticism from libertarians who believed that while markets indeed are the best way to produce wealth, a principled defense of the individual liberty was necessary as well.
www.objectivistcenter.org /cth-13-1825-Milton_Friedman_Dies.aspx   (434 words)

 Commanding Heights : Milton Friedman | on PBS
MILTON FRIEDMAN: Freedom requires individuals to be free to use their own resources in their own way, and modern society requires cooperation among a large number of people.
MILTON FRIEDMAN: Nixon was the most socialist of the presidents of the United States in the 20th century.
MILTON FRIEDMAN: Well, his ideas were not socialist, quite the opposite, but if you look at what happened during his administration, first of all, the number of pages in the Federal Register, which is full of regulations about business, doubled during his regime.
www.pbs.org /wgbh/commandingheights/shared/minitextlo/int_miltonfriedman.html   (6546 words)

 Milton and Rose D. Friedman Foundation   (Site not responding. Last check: 2007-10-10)
Dr. Friedman began his fight for freedom in his professional work as an economist, where he was one of a handful of thinkers who rejected the nearly universal consensus in favor of government management of the economy in the mid-20 th century.
Throughout his life, Dr. Friedman insisted that economics was his only true “vocation,” preferring to describe his broader fight for human liberty as his “avocation.” He lived to see the overwhelming consensus in favor of big-government economics completely reversed among his peers in favor of economic individualism.
Friedman is well known as the father of the modern school choice movement, owing to his 1955 proposal for vouchers that parents could use to purchase education at the schools of their choice.
www.friedmanfoundation.org   (511 words)

 Milton Friedman - a tribute by MWHodges
Friedman by telephone and from the exchange of many personal letters, including one dashed off just before he departed to the hospital 'to get some relief', and a surprise package with a personal endorsement in his book of memoirs.
Friedman (born July 15, 1912), a 1976 Nobel Prize winner for excellence in economics, was one of the most effective advocates of economic freedoms and free enterprise.
Friedman received a B.A. in 1932 from Rutgers University, an A.M. in 1933 from the University of Chicago, and a Ph.D. in 1946 from Columbia University.
home.att.net /~mwhodges/friedman.htm   (3686 words)

 Milton Friedman – Economist as Public Intellectual - Economic Insights - FRB Dallas
Friedman was soon working at the NBER as an assistant to Simon Kuznets, famous for developing the national income product accounts and many of the techniques applied to them in the 1920s and ’30s.
Friedman says he now regrets his role, although at the time he believed the new system was superior to the one it replaced (Friedman and Friedman 1998, 123).
Given Friedman’s position at Chicago, the prestige of its economics department and the ability of his students, it is hardly surprising that monetarism caught on across the nation and became highly influential during the 1960s and ’70s.
www.dallasfed.org /research/ei/ei0202.html   (3088 words)

 Milton Friedman and the Chicago School
This label is due in part to the fact that Milton Friedman was both a student and a highly influential professor at the University of Chicago in the post-war period.
In addition, unlike Friedman's "gentle Marshallianism" -- which permitted him to talk comfortably in the language and employ the intuition of Keynes and the Keynesians -- the New Classical modeling techniques are relentlessly formal, their language is almost Walrasian in tone, and their analysis is certainly far more unyielding than Friedman ever was.
Friedman is notably keen at tracing the ancestry of his ideas to the seminal work of the leading Yale economist Irving Fisher (1911, 1923).
cepa.newschool.edu /het/essays/monetarism/friedmanchicago.htm   (1600 words)

 Milton Friedman - Wikipedia, the free encyclopedia
Milton Friedman died at the age of 94 in San Francisco on November 16, 2006 of heart failure.
Friedman was the leading proponent of the monetarist school of economic thought.
Friedman wrote extensively on the Great Depression, which he called the "Great Contraction," arguing that it had been caused by an ordinary financial shock whose duration and seriousness were greatly increased by the subsequent contraction of the money supply caused by the misguided policies of the directors of the Federal Reserve.
en.wikipedia.org /wiki/Milton_Friedman   (3768 words)

 FT.com / World / US & Canada - Milton Friedman, economist, dies aged 94
Milton Friedman, who has died aged 94, was the last of the great economists to combine possession of a household name with the highest professional credentials.
Friedman would then go on, however, to defend these maxims against the massed forces of economic correctness; and in the course of those defences he, almost unintentionally, added to knowledge.
Friedman's Consumption Function was so thorough and convincing in its marriage of theory and data that it convinced many economists who far from relished the political implications.
www.ft.com /cms/s/cb74eef8-7599-11db-aea1-0000779e2340.html   (3571 words)

 Milton Friedman, Biography: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Milton Friedman is the twentieth century's most prominent economist advocate of free markets.
In 1976 he won the Nobel Prize in economics for "his achievements in the field of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy." Before that time, he had served as an adviser to President Nixon and was president of the American Economic Association in 1967.
(Friedman is a passionate foe of the military draft: he once stated that the abolition of the draft was the only issue on which he had personally lobbied Congress.) Although his book did not sell well, many of the young people who did read it were encouraged by it to study economics themselves.
www.econlib.org /library/Enc/bios/Friedman.html   (1123 words)

 Milton Friedman Unraveled by Murray N. Rothbard
Milton Friedman is the Establishment’s Court Libertarian, and it is high time that libertarians awaken to this fact of life.
Friedmanism can be fully understood only in the context of its historical roots, and these roots are the so-called "Chicago School" of economics of the 1920s and 1930s.
Friedman, a professor at the University of Chicago, is now the undisputed head of the modern, or second-generation, Chicago School, which has adherents throughout the profession, with major centers at Chicago, UCLA, and the University of Virginia.
www.lewrockwell.com /rothbard/rothbard43.html   (5853 words)

 Milton & Rose D. Friedman Foundation: About Us: Milton and Rose   (Site not responding. Last check: 2007-10-10)
Milton Friedman, recipient of the 1976 Nobel Prize for Economic Science, has been a Senior Research Fellow at the Hoover Institution, Stanford University, since 1977.
Professor Friedman is a past president of the American Economic Association, the Western Economic Association, and the Mont Pelerin Society, and is a member of the American Philosophical Society and of the National Academy of Sciences.
Friedman received a B.A. in 1932 from Rutgers University, an M.A. in 1933 from the University of Chicago, and a Ph.D. in 1946 from Columbia University.
www.friedmanfoundation.org /about/the_friedmans/index.html   (733 words)

 Federal Reserve Bank of Minneapolis - The Region - Interview with Milton Friedman (June 1992)   (Site not responding. Last check: 2007-10-10)
I've been told by Milton Friedman that one of the perversities of history is that when the quality of the Washington staff is high, policy is pretty poor, and in the years when policy has been very good, the staff has been low quality.
Friedman: What leads me to that conclusion is the enormous changes that have occurred in the economic structures of countries around the world.
Friedman: As I understand it the first Adam Smith necktie was produced at the suggestion of Ralph Harris when he was teaching at St. Andrews University in Scotland near Adam Smith's birthplace.
minneapolisfed.org /pubs/region/92-06/int926.cfm   (3604 words)

 Fausta's blog
Milton Friedman, the Nobel-prize winning economist who helped shape and define free-market economic theory, died Thursday at the age of 94 in San Francisco.
Friedman was regarded as the leader of the Chicago School of monetary economics and the leading proponent of free-market theory.
Friedman's major achievement, the one for which he received the Nobel prize, was linking rising unemployment to rising inflation.
faustasblog.com /2006/11/milton-friedman.html   (857 words)

An ardent opponent of the Keynesian economics, Friedman led the "Monetarist" incarnation of the Chicago School against the Keynesian orthodoxy in the 1960s and early 1970s.
Friedman's early contributions include the "Permanent Income Hypothesis" in consumption (1957), his formulation of risk-aversion and risk-proclivity (1948, with L.J. Savage), his use of evolutionary theory in the theory of the firm, and his propositions for a "positivist" methodology in economics (1953).
"Friedman and the Walrasian Equations of the Natural-Rate Counter-Revolution" by Robert Leeson.
cepa.newschool.edu /het/profiles/friedman.htm   (857 words)

 OpinionJournal - Featured Article
The Friedmans were dining al fresco that night--along with 1,200 others at the Stanford quad--and Rose had come prepared for the mercury to plummet to, oh, the late 60s.
Milton (suppressing a laugh): "I don't think I was ever regarded as 'evil.' " Rose (alluding to the protests that followed him everywhere, especially after he gave economic advice to the Pinochet regime): "It was very difficult to go to the colleges.
Friedman explains "the story of the postwar period" in the U.S. "In 1945-46, intellectual opinion was almost entirely collectivist.
www.opinionjournal.com /editorial/feature.html?id=110008690   (1783 words)

 Professor Emeritus Milton Friedman dies at 94
Milton Friedman, retired professor of economics at the University of Chicago and one of the world’s leading proponents of the importance of the free market, died Thursday, Nov. 16, in San Francisco, where he lived with his wife and fellow economist, Rose Friedman.
Friedman and his wife, Rose, were the authors of a number of influential books, including Capitalism and Freedom and Free To Choose, which was published as a companion book to a public television series by the same name.
Friedman and Schwartz blamed the Depression on the failure of the Federal Reserve Bank to prevent bank panics, as had been its charge when it was created in 1913.
www-news.uchicago.edu /releases/06/061116.friedman.shtml   (1498 words)

 Milton Friedman - Wikiberal
Milton Friedman, économiste américain, né le 31 juillet 1912 à New York, prix Nobel des sciences économiques en 1976.
Descendant d'une famille d'immigrants juifs, Milton Friedman suit des études en mathématiques et en économie.
Milton Friedman en fut le président de 1970 à 1972, succédant à Guenter Schmolders et cédant sa place à Arthur Shenfield.
www.liberaux.org /wiki/index.php?title=Milton_Friedman   (472 words)

 Hoover Institution - Friedman, Milton
Milton Friedman, recipient of the 1976 Nobel Memorial Prize for economic science, was a senior research fellow at the Hoover Institution from 1977 to 2006.
Friedman was awarded the Presidential Medal of Freedom in 1988 and received the National Medal of Science the same year.
Friedman was also active in public affairs, serving as an informal economic adviser to Senator Barry Goldwater in his unsuccessful campaign for the presidency in 1964, to Richard Nixon in his successful 1968 campaign, to President Nixon subsequently, and to Ronald Reagan in his 1980 campaign.
www-hoover.stanford.edu /bios/friedman.html   (487 words)

 The Smith Center: Milton Friedman's lecture   (Site not responding. Last check: 2007-10-10)
Professor Friedman was the founder, and chief proponent of the Chicago School of monetary economicsaka., monetarism.
Professor Friedman is a founding member and a past president of the Mont Pelerin Societyan international organization of individuals who share a dedication to the principles of free markets and limited government.
Milton Friedman is one of the most influential economists of the twentieth century.
www.sbe.csuhayward.edu /~sbesc/frlect.html   (5610 words)

 Amazon.co.uk: Capitalism and Freedom: Books: Milton Friedman   (Site not responding. Last check: 2007-10-10)
Friedman goes through the issues of capitalism, freedom and related issues on an easy to understand manner; with a few exceptions where he gets a bit too technical for the general public (e.g.
Friedman is certainly the greatest living economist and this book is the best there is for an introduction to what capitalism really is. Mr Friedman explains to us the complex basics of economics that most still don't understand.
Milton Friedman is a great economist and a good man. His books, especially his Monetary History, have been a great contribution to 20th century thought.
www.amazon.co.uk /Capitalism-Freedom-Milton-Friedman/dp/0226264211   (1290 words)

 Dynamist.com: Milton Friedman's influence on monetary policy
With Milton Friedman's ideas now accepted by theorists and policy makers, it's easy to forget how revolutionary they were.
"Friedman's monetary framework has been so influential that in its broad outlines at least, it has nearly become identical with modern monetary theory," said the Federal Reserve governor Ben S. Bernanke, at a recent conference at the Federal Reserve Bank of Dallas.
Friedman argued that "inflation is always and everywhere a monetary phenomenon." Inflation had nothing to do with aggressive unions, greedy businesses or even oil cartels -- the bad guys who took the blame in the confusing 1970's.
www.dynamist.com /articles-speeches/nyt/friedman.html   (915 words)

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