Friedman

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Friedman

Milton. born 1912. US economist, particularly associated with monetarism; a forceful advocate of free market capitalism
References in periodicals archive ?
At first glance, it might appear to be a Friedmanite liquidity injection.
They support the Washington consensus group and the neocon advisors from the Friedmanite school of economics that argues for no government interference in the markets.
Ironically, most of the Australian Left had a monetarist, almost Friedmanite approach to explaining the depression of the 1930s.
The basic narrative is as follows: The Friedmanite vision of unfettered capitalism and a "hyper-mobile global economy" is a fundamentally unattractive proposition to most people, particularly the economically vulnerable.
This was part of a more hard-line, classical Friedmanite form of neo-liberalism (Ramia 1998: Chapters 8 & 9), characterised by the philosophy of treating labour markets purely as markets, with limited redistribution mechanisms to be channelled only through the state.
The Friedmanite view is that the responsibility of the corporate executive is to 'make as much money as possible while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom' (Friedman, 2001, p.
For example, on the Friedmanite grounds that the only 'social responsibility' companies face is to make profits for their owners, the ASA opposes the ginger groups' 'ethical' campaigns and claims that 'stakeholders' must be satisfied (e.
None of these is an argument for a Friedmanite system.
The enlightened Friedmanite manager, however, is concerned with the well-being of all its stakeholders and is able to sustain or improve long-term performance.
She was a freetrade Friedmanite Liberal who began to believe in her star.
Sir Keith Joseph spelled this out on several occasions, most authoritatively in his 1976 annual Stockton Lecture at the London Business School, published by the CPS as Monetarism Is Not Enough, with a commendatory foreword by Margaret Thatcher warning against continuing neo-Keynesian stop-go boom-bust with Friedmanite rhetoric.