Milton Friedman

  1. What Is the Quantity Theory of Money?

    Take a look at the tenets, assumptions and challenges of monetarism's principal theory. ...
  2. What Caused the Great Depression?

    Learn how government actions may have contributed to this major economic downturn. ...
  3. Economist Guide: 5 Lessons Milton Friedman Teaches ...

    Find out what can still be learned from the late economist Milton Friedman, a Nobel ...
  4. How Influential Economists Changed Our History

    Find out how these five groundbreaking thinkers laid our financial foundations.
  5. Examining The Phillips Curve

    This model depicts an inverse relationship between unemployment and wage inflation, ...
  6. The German Economic Miracle

    After World War II, Germany was in ruins. Learn about the country's quick rise to ...
  1. What is the affect of the invisible hand on consumers?

    Discover how consumers help initiate and benefit from the invisible hand of the market, which naturally coordinates trade ...
  2. What do Keynes and Freidman have to do with fiscal and monetary policy?

    Find out how John Maynard Keynes and Milton Friedman influenced how modern economists and analysts think about fiscal and ...
  3. What's the difference between a market economy and a command economy?

    Set by supply and demand, a market economy operates through a price system; in a command economy, governments control the ...
  4. What is the Keynesian multiplier?

    The Keynesian multiplier was introduced by Richard Kahn in the 1930s. It showed that any government spending brought about ...
Hot Definitions
  1. Physical Capital

    Physical capital is one of the three main factors of production in economic theory. It consists of manmade goods that assist ...
  2. Reverse Mortgage

    A type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage ...
  3. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  4. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  5. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  6. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
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