- #1
Nusc
- 760
- 2
How do you spell the name of the economist Chomsky mentions at 29s ?
Nusc said:How do you spell the name of the economist Chomsky mentions at 29s ?
Milton Friedman was an American economist and statistician who is widely recognized as one of the most influential economists of the 20th century. He was a prominent figure in the Chicago School of Economics and was known for his advocacy of free-market capitalism.
Friedman made significant contributions to the fields of monetary economics, macroeconomics, and consumption theory. He is best known for his work on the role of money in the economy and his theory of the natural rate of unemployment.
Friedman's ideas were often at odds with those of other economists, particularly in his belief in the power of free-market capitalism and his criticism of government intervention in the economy. He also put a strong emphasis on the role of monetary policy in shaping economic outcomes.
Friedman was a strong advocate for limited government involvement in the economy. He believed that free markets were the most efficient way to allocate resources and that government intervention often led to unintended consequences.
Friedman's ideas and theories have had a significant impact on modern economics. His work on monetarism and the role of the central bank in managing the money supply has influenced monetary policy around the world. His ideas on free-market capitalism have also been influential in shaping economic policies in many countries.