What is The Meaning of Milton Friedman?
Milton Friedman is an American economist and statistician known for his firm belief in free market capitalism. As a professor at the University of Chicago, Friedman developed a number of free market theories that contradicted the views of Keynesian economists. In the United States (Monetary History of America) (1867-1960), Friedman clarifies the role of monetary policy in creating, and perhaps deepening, great depression.
- Milton Friedman was an important economic figure of the second half of the 20th century.
- Milton Friedman's economic theory changed to what is known as monetarism, which formed and reversed key parts of the Kenyan economy.
- Friedman popularized many important economic theories today.