friedman
Definition
Proper noun: * Milton Friedman: A renowned 20th-century American economist, a leading figure of the Chicago school of economics. He is most famous for his strong advocacy of monetarism (the theory that the money supply is the primary driver of economic activity and inflation) and for his libertarian views opposing extensive government intervention in the free market.
Usage Examples
- Proper noun:
- Friedman argued that inflation is always and everywhere a monetary phenomenon.
- Many of Friedman's ideas influenced economic policies in the late 20th century.
- The works of Friedman are essential reading for students of macroeconomics.
Advanced Usage
- "Friedman doctrine" / "shareholder theory": Refers to Friedman's famous 1970 essay stating that a corporation's sole social responsibility is to increase its profits for the benefit of its shareholders, within the bounds of the law.
- The CEO cited the Friedman doctrine to justify the company's focus on quarterly returns.
Variants and Related Words
- Friedmanite (noun/adjective): A follower or proponent of Milton Friedman's economic theories.
- As a Friedmanite, she advocated for reducing central bank discretion.
Synonyms
- Monetarist
- Free-market economist
- Libertarian economist
Related Phrases
- Monetarism: The economic theory most closely associated with Friedman.
- Chicago school of economics: The intellectual movement Friedman led.
- Free to Choose: The title of his influential book and television series.
Noun
-
United States economist noted as a proponent of monetarism and for his opposition to government intervention in the economy (born in 1912)
Khám phá thêm
Các từ liên quan
Từ đồng nghĩa
Từ gần giống
Từ chứa "friedman"
