Milton Friedman

(July 31, 1912 – November 16, 2006) was an American economist, statistician and public intellectual, and a recipient of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

He is best known among scholars for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.[1] Over time, many governments followed his restatement of a political philosophy that insisted on minimizing the role of government in favor of the private sector. As a leader of the Chicago School of economics, based at the University of Chicago, he had a widespread influence in shaping the research agenda of the entire profession. Friedman's many monographs, books, scholarly articles, papers, magazine columns, television programs, videos and lectures cover a broad range of topics in microeconomics, macroeconomics, economic history, and public policy issues.

The Economist hailed him as "the most influential economist of the second half of the 20th century…possibly of all of it".

(Wikipedia)

Ante Marković - Milton Friedman of Balkans

Submitted by yadranko on Thu, 01/21/2010 - 11:15

What led to fall of Soviet Union and Yugoslavia? The same thing that is now destroying the United States: inflation - printing money out of thin air. That is a classic unlearned lesson in economics which is repeating itself since the Roman Empire.  In this next video famous policy maker from former Yugoslavia Ante Marković comments:

What led to fall of Soviet Union and Yugoslavia? The same thing that is now destroying the United States: inflation - printing money out of thin air. That is a classic unlearned lesson in economics which is repeating itself since the Roman Empire.  In this next video famous policy maker from former Yugoslavia Ante Marković comments: