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Several students and young professors who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker , Robert Fogel , Thomas Sowell [5] and Robert Lucas Jr. Friedman's challenges to what he later called "naive Keynesian theory" [7] began with his s interpretation of the consumption function. During the s he became the main advocate opposing Keynesian government policies, [8] and described his approach along with mainstream economics as using "Keynesian language and apparatus" yet rejecting its initial conclusions. His monetary theory influenced the Federal Reserve's response to the global financial crisis of — He once stated that his role in eliminating conscription in the United States was his proudest accomplishment.
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Item Title: After the Elections. Date: November 15, Rights: Used with permission. This copy is provided for educational and research purposes only. No publication, further reproduction, or reuse of copies, beyond fair use, may be made without link express written permission of the copyright owner. Author: Friedman, Milton, Full Freevom Friedman, Milton.
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Theme s : Public Policy. Keyword s : California. Reagan, Ronald.
Publication Type s : Op-Eds. Format: Text. Record Number: c Feedback Form Type of feedback Comment.]
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