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Milton Friedman: Nicht nur ein „Monetarist“!

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  • Martin Leschke

Abstract

Milton Friedman was one of the most prominent advocates of free market economics. Of course, Friedman is popularly recognized for monetarism. His so-called money supply rule and his scepticism of public debt are being rediscussed seriously in the light of the present crises. But Friedman was more than a monetarist. His famous thesis „The Social Responsibility of Business is to Increase its Profits“ caused a heated debate that continues today. In a similar way Friedman initiated a controversial discussion by introducing an argument in support of unrealistic assumptions (in his essay „The Methodology of Positive Economics“). Furthermore, his very clear and concrete proposals to promote a liberal society will be remembered long after his death. Copyright ZBW and Springer-Verlag 2012

Suggested Citation

  • Martin Leschke, 2012. "Milton Friedman: Nicht nur ein „Monetarist“!," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 92(8), pages 541-546, August.
    • Handle: RePEc:spr:wirtsc:v:92:y:2012:i:8:p:541-546
    DOI: 10.1007/s10273-012-1417-9
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    Cited by:

    1. Yew-Kwang Ng, 2016. "Are Unrealistic Assumptions/Simplifications Acceptable? Some Methodological Issues in Economics," Pacific Economic Review, Wiley Blackwell, vol. 21(2), pages 180-201, May.

    More about this item

    Keywords

    E5; B41;

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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