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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. [4]
A new Friedman biography ably explores the economist's ideas but sidesteps the libertarian movement he was central to. The Best of Reason: Milton Friedman Was No Conservative Skip to main content
Milton Friedman (1912–2006) is appointed professor of economics at the University of Chicago. [30] Previously a Keynesian, Friedman moves right under the influence of his close friend George Stigler (1911–1991). He founds the market-oriented Chicago School of Economics which reshapes conservative economic theory.
Supreme Court Justice, most prominent African-American conservative jurist in American history [84] Deputy Chief of Staff Karl Rove: 1950– Political strategist to George W. Bush [125] Senator Jim DeMint: 1951– Tea Party-affiliated U.S. Senator, president of the Heritage Foundation [126] Secretary of State Condoleezza Rice: 1954–
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Daniel Webster and other Whig leaders referred to their new political party as the "conservative party", and they called for a return to tradition, restraint, hierarchy, and moderation. [48] In the end, the nation synthesized the two positions, Federalist and Whig, adopting representative democracy and a strong nation state.
American economist Milton Friedman advocated a basic income in the form of a negative income tax in his 1962 book Capitalism and Freedom, and again in his 1980 book Free to Choose. [ 126 ] [ 127 ] Austrian economist Friedrich Hayek advocated a guaranteed minimum income in his 1944 book The Road to Serfdom , and reiterated his support in his ...
The Great Contraction, as characterized by economist Milton Friedman, was the recessionary period from 1929 until 1933, i.e., the early years of the Great Depression. [1] The phrase was the title of a chapter in the 1963 book A Monetary History of the United States by Friedman and his fellow monetarist Anna Schwartz .