He worked with Edmund Phelps to develop the concept of the "natural rate of unemployment," and he criticized Keynesian economics during a period of stagflation, favoring monetarism.
This man worked with Leonard Savage to theorize that the curve of an individual's utility function differs based on their wealth. This man's namesake rule advocated setting the nominal interest at zero, and he argued that licensing doctors resulted in the inflation of their incomes. He worked with Edmund Phelps to develop the concept of the "natural rate of unemployment," and he criticized Keynesian economics during a period of stagflation, favoring monetarism. For 10 points, name this Chicago school economist who wrote Capitalism and Freedom.
This man worked with Leonard Savage to theorize that the curve of an individual's utility function differs based on their wealth.
Milton {Friedman}