This economist wrote that the science of economics should be free of value judgments in "The Methodology of Positive Economics." The idea that only social responsibility of a corporation is due to its shareholders is known as this economist's namesake "doctrine." This economist proposed a negative income tax as an alternative to welfare payments and suggested the central bank increase the money supply by a constant "k" percent every year. He argued that the Fed's monetary contractions caused the Great Depression in a book co-written with his wife, Anna Schwartz. For 10 points, name this author of A Monetary History of the United States.
This economist wrote that the science of economics should be free of value judgments in "The Methodology of Positive Economics." The idea that only social responsibility of a corporation is due to its shareholders is known as this economist's namesake "doctrine." This economist proposed a negative income tax as an alternative to welfare payments and suggested the central bank increase the money supply by a constant "k" percent every year. He argued that the Fed's monetary contractions caused the Great Depression in a book co-written with his wife, Anna Schwartz. For 10 points, name this author of A Monetary History of the United States.
This economist wrote that the science of economics should be free of value judgments in "The Methodology of Positive Economics.
Milton Friedman