(DOWNLOAD) "An Ethical Critique of Milton Friedman's Doctrine on Economics and Freedom (Essay)" by Journal for the Study of Religions and Ideologies # eBook PDF Kindle ePub Free
eBook details
- Title: An Ethical Critique of Milton Friedman's Doctrine on Economics and Freedom (Essay)
- Author : Journal for the Study of Religions and Ideologies
- Release Date : January 22, 2010
- Genre: Religion & Spirituality,Books,
- Pages : * pages
- Size : 258 KB
Description
Introduction Milton Friedman was one of the most influential political economists of the twentieth century. He received the American Economic Association's John Bates Clark Medal in 1951, the Nobel Prize for Economics in 1976 and the United States' Presidential Medal of Freedom and National Medal for Science in 1988. Friedman made a great impact on the discipline of economics as a monetary theorist, applied econometrician and narrative economic historian. He is widely credited for his contribution to modern labour economics and for changing the direction of macroeconomic theory (1). Friedman's influence was not restricted to the academic discipline of economics, but also extended to the realm of politics. He acted as an adviser of Barry Goldwater, Augustine Pinochet, Richard Nixon and Ronald Reagan and became politically the most influential economic theorist of the last quarter of the twentieth century. The economic programmes of Ronald Reagan and Margaret Thatcher's incorporated four neo-liberal elements that Friedman strongly campaigned for: 1. lower rates of taxation; 2. lower state contributions; 3. a free market instead of state regulation of industry and 4. the stable growth of the amount of money in circulation (2).
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