In almost all of Milton Friedman’s theorizing about expectations, for example, his assumption was that expectations are adaptive, Even in his famous explication of the natural-rate hypothesis, Friedman (1968:“The Role of Monetary Policy”) assumed that expectations are adaptive to prior experience...
While "liberty" is championed by neoliberals as the chief virtue, and in some sense the only one, they either refuse to define liberty other than by opposing it to democratic processes of deliberative action, in the case of Milton Friedman, or with Friedrich Hayek they have translated "...
Milton Friedman, the Nobel Prize winning economist, and professor at Stanford University noted during a radio interview in 1996. “The Federal Reserve definitely caused the Great depression by contracting the amount of currency in circulation by one-third from 1929 to 1933.” The money lost during...
the stakeholder concept provides an ample institutional perspective on the accountability reports of the company, which establishes the promotion of an alternative to Milton Friedman’s traditional approach as a fundamental factor, primarily and solely emphasizing the monetary factor, while this theory ...
While “liberty” is championed by neoliberals as the chief virtue, and in some sense the only one, they either refuse to define liberty other than by opposing it to democratic processes of deliberative action, in the case of Milton Friedman, or with Friedrich Hayek they have translated “...
Milton Friedman Milton Friedman (; 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. With George Stigler an...
Milton Friedman offered one answer to this question in the “Preface” to the 1982 issue ofCapitalism and Freedom. He wrote: What then is the role of books such as this? Twofold, in my opinion. First, to provide subject matter for bull sessions. As we wrote in the Preface toFree to ...
Milton Friedman, one of the most rigorous logicians in the history of economics, recommended it. In contrast is the Greek way: long chains of reasoning. People get lost in long chains of reasoning. They forget. They may think they know, but they don’t. On the exam, they find out ...
Lamarche (2008) evaluated the impact of a voucher program in the USA that allowed public school students to attend private schools. He acknowledged that Milton Friedman’s proposal to use vouchers to improve education quality was based on the idea that private schools are more productive than ...
The road to serfdom : text and documents edited by Bruce Caldwell (The collected works of Friedrich August Hayek, v. 2) Routledge, 2008 Definitive ed F Von - University of Chicago Press 被引量: 7发表: 2007年 Hayek on Liberty and the Rule of Law: The Road to Serfdom Revisited The Road...