economic quarterly volume 93 number 1 winter 2007 pages 1 30 thecontributions of milton friedman to economics robert l hetzel ilton friedman died november 16 2006 at the age of ...
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...Economic quarterly volume number winter pages thecontributions of milton friedman to economics robert l hetzel ilton died november at the age any attempt put his contributions into perspective can monlybegintosuggestthevastvarietyofideashediscussed bur ton commented that attempting portray work isliketrying catch niagara falls in a pint pot beginning career adopted two hypotheses isolated him from prevailing intellectual mainstream first central banks are respon sible for ination and deation second markets efciently allocate resources maintain macroeconomic equilibrium because suc cess advancing these ideas way shaped understanding majoreconomiceventsofthiscenturyandinuencedpublicpolicy stands out as one great intellectuals th century i make use taped material an interview with rose peter robinson conducted hoover institution on april also june sent by david meiselman august am grateful comments thomas humphrey laidler aaron steelman roy webb views expressed this article not necessaril...