Milton Friedman
Economist
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New at Reason: Penn Bullock on Milton Friedman's Influence on Ben Bernanke...on Ben Bernanke From our December issue, Penn Bullock explains that while Fed Chairman Ben Bernanke is typically portrayed as a follower of John Maynard Keynes, Bernanke's real inspiration is Milton Friedman. Try Reason's... In this article: Ben Bernanke, Milton Friedman, and John Maynard Keynes |
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The Seattle Times | October 28, 2009
Echoes of another great crash -- and the lessons we refuse to learn
...Act in 1999, and we got just what the reformers of the 1930s would have feared. Milton Friedman made his mark as a great economist (as opposed to a great polemicist) by work with Anna Schwartz showing how the Federal Reserve botched...
In this article: Ben Bernanke, 50 Cent, Barack Obama, Seattle, Glass-Steagall Act, Seattle Times, Anna Schwartz, and Tim Geithner
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Reason Magazine - Hit & Run | September 01, 2009
New at Reason: Penn Bullock on How Milton Friedman Influenced Fed Chairman Ben Bernanke
New at Reason: Penn Bullock on How Milton Friedman Influenced Fed Chairman Ben Bernanke Missing out on the newest blog posts? Keep track using our RSS feed, and you'll never skip a beat. New at Reason: Penn Bullock on How Milton Friedman...
In this article: Ben Bernanke, RSS Feed, Federal Reserve, John Maynard Keynes, and The New York Times
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Reason Magazine - Topics > Libertarian History... | November 17, 2009
Bernanke's Philosopher
Bernanke's Philosopher The Fed chairman is portrayed as a follower of John Maynard Keynes, but his real inspiration is Milton Friedman. Penn Bullock from the December 2009 issue When Ben Bernanke took charge of the Federal Reserve in...
In this article: Ben Bernanke, Federal Reserve System, Anna Schwartz, Inflation, Deflation, Alan Greenspan, Barack Obama, and Economics
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FT.com - Comment and analysis | October 28, 2009
How to avoid a repeat of the Great Crash
...in transmitting deflationary shocks into the real economy. Ben Bernanke - for it was he, of course - has found himself in an even more privileged position to learn such lessons. As chairman of the Fed, his record already deserves more...
In this article: John Maynard Keynes, Ben Bernanke, Economics, Unemployment, The Fed, Wall Street, Democracy, and Inflation
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Telegraph.co.uk - Business | October 29, 2009
Money from helicopters is Ben Bernanke's modern encapsulation of Milton Friedman's bold revelation
...is Ben Bernanke's modern encapsulation of Milton Friedman's bold revelation How Milton Friedman would love to be alive now that his theories are being tested. Published: 6:51PM GMT 29 Oct 2009 The 80th anniversary of the Wall Street...
In this article: Ben Bernanke, The Fed, Deflation, US, Balance sheet, Small government, Big government, Recession, and Toxic waste
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Soros to Vanquish Whatever Market Fundamentalists He Can Still Find
...the insights of free-market economics, aside from Ben Bernanke claiming that he's following the (controversial-among-libertarians) Milton Friedman/Anna Schwartz recipe for averting a Great Depression. Which is a contention that Schwartz...
In this article: George Soros, Economics, Ben Bernanke, Wall Street, Anna Schwartz, Washington, and Bill Clinton
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The Corner on National Review Online | September 08, 2009
Who's Bernanke Following? -- By: Veronique de Rugy
..."an embellishment of the Friedman-Schwartz story... and no way contradict[ed] the basic logic of their analysis," as Bernanke assured Friedman at his birthday party. But an even more interesting point in this article is the contradiction...
In this article: Ben Bernanke, Anna Schwartz, Federal Reserve System, John Maynard Keynes, Capitalism, Alan Greenspan, Economics, and Ideology
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Description from Wikipedia:
Milton Friedman (July 31, 1912 November 16, 2006) was an American economist, statistician and public intellectual, and a recipient of the Nobel Memorial Prize in Economic Sciences. He is best known among scholars for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy. A global public followed his restatement of a political philosophy that insisted on minimizing the role of government in favor of the private sector. As a leader of the Chicago School of economics, based at the University of Chicago, he had a widespread influence in shaping the research agenda of the entire profession. Friedman's many monographs, books, scholarly articles, papers, magazine columns, television programs, videos and lectures cover a broad range of topics in microeconomics, macroeconomics, economic history, and public policy issues. The Economist hailed him as "the most influential economist of the second half of the 20th century…possibly of all of it".
Friedman's methodological innovations were widely accepted by economists, but his policy prescriptions were highly controversial. Most economists in the 1960s rejected them, but since then they have had a growing international influence (especially in the US and Britain), and in the 21st century have gained wide acceptance among many economists. He thus lived to see some of his laissez-faire ideas embraced by the mainstream, especially during the 1980s. His views of monetary policy, taxation, privatization and deregulation informed the policy of governments around the globe, most notably the administrations of Margaret Thatcher in Britain, Ronald Reagan in the US and Augusto Pinochet in Chile.
- Birth Date:
- July 31, 1912
- Birthplace:
- Brooklyn, New York City, New York, United States
- Death Date:
- November 16, 2006
- Place of Death:
- San Francisco, California, United States of America
- Field:
- Economics
- School/Tradition:
- Chicago School of Economics
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