How does Friedman regard John Maynard Keynes? Keynes’ General Theory? To what extent do you agree with Friedman’s assessment?
Why does it seem to be so difficult for economists to return to research after a stint in policy?
What is the relationship between crisis and (sound) economic policy, according to Friedman? What role does he think economists should play in the policy process? How convincing is he on this point? But how can one know when ideas will have their greatest influence? Discuss some of the experiences Friedman describes in your answer. What does Friedman regard as the most notable contributions from Capitalism and Freedom, and why? To what extent do you support each of these proposals? Explain.īoth Becker and Friedman agree that ideas can wield great influence. How did Friedman come to the tradition of economics described by Becker? How do Walrasian and Marshallian economics differ according to Friedman? How does fellow Nobel laureate Gary Becker describe the style of economics Friedman was known for at the University of Chicago? What appeals to you about this tradition, and why? In this 2003 interview with his former student and fellow Nobel laureate Gary Becker, Friedman discusses his economics, his public outreach, and his thoughts on economic education.īelow are some discussion prompts to correspond to the video: Friedman also wrote a popular column for Newsweek magazine from 1966 to 1983. Friedman) Capitalism and Freedom and Free to Choose. His most important books in this field include (with Rose D. Friedman also wrote extensively on public policy, always with a primary emphasis on the preservation and extension of individual freedom. He is the author of many books and articles in economics, including A Theory of the Consumption Function and A Monetary History of the United States (with Anna J. Recipient of the Nobel Memorial Prize in Economic Sciences, Milton Friedman (1912-2006) has long been recognized as one of our most important economic thinkers and a leader of the Chicago school of economics.
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