Written by John Lounsbury
In recent years the monetary theories of Milton Friedman have come into question by some. Also some have criticized his deep devotion to the principles of free market capitalism. Others have suggested that Friedman took insufficient notice of the deviation of real market economies from ideal free markets.
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So this week we return to hear some of the best interview and discussion episodes from Prof. Friedman. Listen to these and judge for yourself how well founded are his current day critics.
From Wikipedia:
Milton Friedman (/ˈfriËdmÉ™n/; 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.[4] With George Stigler and others, Friedman was among the intellectual leaders of the second generation of Chicago price theory, a methodological movement at the University of Chicago’s Department of Economics, Law School and Graduate School of Business from the 1940s onward. Several students and young professors who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell[5] and Robert Lucas Jr.[6]
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