He described the permanent income hypothesis in A Theory of the Consumption Function, and he wrote Free to Choose with his wife Rose.
While working with Simon Kuznets at the National Bureau of Economic Research, this man made the finding that the barrier to entry into the medical profession led to artificially high incomes for doctors. This advocate of the negative income tax, wrote the article "Why Not a Volunteer Army" for the New Individualist Review. He described the permanent income hypothesis in A Theory of the Consumption Function, and he wrote Free to Choose with his wife Rose. For 10 points, name this economist associated with the Chicago School and monetarism.
While working with Simon Kuznets at the National Bureau of Economic Research, this man made the finding that the barrier to entry into the medical profession led to artificially high incomes for doctors.
Milton {Friedman}