Oxford academic argues Milton Friedman is misunderstood
James Forder says Friedman had a bigger impact on neoclassical economics than on monetarism
Milton Friedman’s impact on monetarism is often overstated, but he was highly influential in other areas of economics, a fellow of Oxford University claimed this week.
James Forder, an economist affiliated with Balliol College, argued Friedman was good at self-promotion and often claimed ideas that were already widespread as his own. In a lecture at Oxford University on November 12, Forder sought to dispel what he saw as myths about the famous economist.
“It is characteristic of Friedman that
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