The shareholder theory is usually credited to Milton Friedman, the University of Chicago economist and Nobel laureate. In a famous 1970 New York Times article, ...

In 1970, Milton Friedman wrote an influential essay in The New York Times Magazine declaring the primary purpose of a company is to maximize profits for its shareholders.; He disagreed that ...

Milton Friedman and Monetarism . Monetarism is closely associated with economist Milton Friedman, who argued, based on the quantity theory of money, that the government should keep the money ...

Milton Friedman, 1986. ... DSJ: You make it clear that A Theory of the Consumption Function relied heavily on the insights of women economists such as Dorothy Brady, Margaret Reid, ...

A recent letter-to-the-editor in response to the Hopkins economists pointed out how Monetarist School hero Milton Friedman disavowed what vandalized reason (the quantity theory of money espoused ...

In short, Friedman did not entirely remake economic policy. Yet he unquestionably remains a force to be reckoned with – someone whose ideals, at the very least, one might contrast to one’s own. On the ...

Milton Friedman: The Last Conservative, by Jennifer Burns, Farrar, Straus and Giroux, 592 pages, $35. As Jennifer Burns writes in her excellent new biography of the libertarian economist Milton ...

Nobel Prize-winning economist Milton Friedman in San Francisco, 1986. Photo: ... He was saying that the implementation of the quantity theory by central banks had been flawed.

W ell before Milton Friedman died in 2006 at 94, he was the rare economist who had become a household name. A longtime professor at the University of Chicago, he had been writing a column for ...

In 2002, three months after Milton Friedman turned ninety, a celebratory conference was convened at the school that had become synonymous with his ideas. Ben Bernanke, then a member of the Federal ...