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Friedman is considered to be one of the more influential thinkers of his time and "Milton Friedman on Economics: Selected Papers," is a collection of much of his work. Many of the enclosed papers were originally published in the Journal of Political Economy. The work opens up with his 1977 Nobel Lecture and then spans a great part of his life and career. There were some works in the collection from as early as 1948 through 1990. Because he was so influential over the course of his career, this series of letters and works provides a great opportunity to not only get an introduction into his line of reasoning, it also provides a historic blueprint of detailed economic thought. Milton Friedman offers clues about the twentieth-century's economics and political policies.
Milton Friedman is considered to have been one of the great economic thinkers of our time and he was obviously greatly respected because of it. As both an economist and an intellectual, he literally became the front and mouthpiece of an economic movement. His views were both raw and at times controversial as economics crossed over into politics because of his deep seated laissez-faire policies and thinking. His Nobel Prize for economics in 1977 was acknowledgment for his achievements about consumption analysis, monetary...
Friedman passed away in the fall of 2006, however, his influence can still be felt through his views on economic participation in a new global spectrum. He reminds us through his many past speeches, meetings and writings, that he wanted our children to be able to read and write and our leaders to care for our citizens through sound economic policy.
Milton Friedman was one of the founders of the line of reasoning that became the free-market economic theory of post WWII. Because of his bearing on national and global economics, he can be considered to have been one of the more influential economists in the twentieth century. This did not stop him from having intellectual enemies. For example, through his notes, it is apparent that he was very much against the idea of unionization and especially the teachers union in the United States. His notes clearly show that he was very anti-National Education Association and the American Federation of Teachers and at one point blamed them directly for keeping American children in the United States education system from being able to read and write.
Another controversial point-of-view was his outspoken desire to legalize drugs. He was…
References
Friedman, Milton, 1977. "Nobel Lecture: Inflation and Unemployment." Journal of Political Economy. 85, pp. 451-472.
Friedman, Milton. (2008). "Milton Friedman on Economics: Selected Papers." Chicago: University of Chicago Press Journals. (February 1, 2008)
William Duiker's "fragmentation" argument, found in his Contemporary World History, Fifth Edition (Duiker), acknowledges the fact of globalization and states that Friedman's discussion about the impact of globalization is "stimulating" (Duiker 351). Simultaneously, Duiker believes that there is a reaction to globalization. Duiker believes that societies will react to the globalization trend by trying to preserve: local interests such as local businesses and jobs; their identities; and their senses of
CSR Contrasting Different Vantage Points Regarding the Role of CSR and Business Ethics Introduction to Corporate Social Responsibility Review of the Variety of Ethical Systems Contemporary Vantage Points Corporate social responsibilities as well as business ethics have served as hotly contested issues over the last few decades. There has yet to be a consensus reached, to say the least, as to what there composition should look like or even if they are necessary academic pursuits
World Is Flat by Tom Friedman From the term "The World is flat," Tom Friedman means the international competitive ground is being leveled. It is now possible for individuals to work together and contend directly with others on different types of work from different sides of the globe and on an equivalent ground than in the world history. Friedman considers that this "flattening" around the globe is the result of ten
World is Flat" is taken from a metaphorical point-of-view to highlight the development and advancement of technology in the world. The author, Thomas Friedman, asserts that the world has become flatter because technology together with other factors has turned the world into a smaller place. The author describes the manner in which technology has made the world become more competitive and elucidates what is necessary to compete in this
Flat (2006), Thomas Friedman describes the new global capitalist economy and how it has affected the United States, as well as the type of skills and education that will be most in demand in the 21st Century. Even white-collar workers, managers and engineers have been doing poorly because of globalization, while unskilled and semiskilled blue-collar workers have been devastated. Construction and manufacturing workers with only a high school education
Milton Friedman -- a Living Economic Legend Even those individuals who consider him to be a negative influence upon economic theory cannot deny the impact of Milton Friedman had in deflating the once-uniform confidence economists invested in Keynesian theories of macroeconomics after Keynes' theories of government spending were credited with ending the Great Depression. Unlike Keynes, who advocated sharp, short-term increases in government spending to ameliorate the effects of a recession,