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 bo
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