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A Program for Monetary Stability is a book by the US economist Milton Friedman.It has been published by Fordham University Press in 1960 with consecutive re-prints appearing in 1961, 1963, 1965, 1969, 1970, 1975, and 1980. [1]
The Friedmans also argue that declining academic performance in the United States is the result of increasing government control of the American education system tracing back to the 1840s, but suggest a voucher system as a politically feasible solution.
Friedman's counterpart Keynes believed people would modify their household consumption expenditures to relate to their existing income levels. [65] Friedman's research introduced the term "permanent income" to the world, which was the average of a household's expected income over several years, and he also developed the permanent income ...
Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". [2] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2]
Capitalism and Freedom was published nearly two decades after World War II, a time when the Great Depression was still in collective memory.Under the Kennedy and preceding Eisenhower administrations, federal expenditures were growing at a quick pace in the areas of national defense, social welfare, and infrastructure.
This has led to a number of proposed changes including advocacy of different policy rules [8] or dramatic restructuring of the system itself. [9] Milton Friedman concluded that governments do have a role in the monetary system, [10] he was critical of the Federal Reserve due to its poor performance and felt it should be abolished.
A Monetary History of the United States, 1867–1960 is a book written in 1963 by future Nobel Prize-winning economist Milton Friedman and Anna Schwartz.It uses historical time series and economic analysis to argue the then-novel proposition that changes in the money supply profoundly influenced the United States economy, especially the behavior of economic fluctuations.
In the reprint, Milton Friedman wrote the introduction and Donald J. Boudreaux wrote the afterword. [2] Friedman used the essay in his 1980 PBS television show Free to Choose [3] and the accompanying book of the same name. [4] In the 2008 50th Anniversary Edition, the introduction is written by Lawrence W. Reed and Friedman wrote the afterword. [5]