Word: friedmanism
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Dates: during 1970-1979
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HAVING A SCHOOL of economics as a father is probably very difficult. As the son of the famous iconoclast economist Milton Friedman, David Friedman most likely faces great obstacles in establishing a distinct and separate reputation. Especially since he has chosen to write on the same subjects. But for David this will not be much of a problem. He writes with more than enough radicalism to build an independent reputation and make his father turn red (if that's possible...
...David Friedman is not a left-wing radical and he could hardly be called a right-wing radical, if such a thing exists. Rather he is a radical at a right angle to the entire political spectrum. A guide to a radical capitalism is how Friedman describes his book. Friedman is not advocating state capitalism with business and government exchanging favors in the same bed. Nor does he favor welfare state mixed capitalism or the conservative capitalism of his father. Rather he proposes the capitalism of a consistently free, radical libertarian society...
...world looks like" that many visitors to "Photography Unlimited" will no doubt find disturbing and even offensive. Those who admire the documentary realism of Edward Weston, Eugene Smith and Paul Strand--artists who sought the "perfect negative"--may find Karen Truax's handcolored photographs of surrealistic landscapes or James Friedman's mixed media collage made of multiple images of a woman's face, a hammer and a broken window, irritatingly enigmatic and uncommunicative...
Growing Consensus. The Supreme Court could yet rule on the question of ownership. Leon Friedman, professor of criminal law at Hofstra University, points out that if Congress were to direct a GSA custodian to take possession of the papers and tapes and Nixon challenged the move, the question would then go to the courts. No matter who is given title, there may still be disputes over access to the material. If the Government is declared the owner, Ford could prevent the release of any materials not subpoenaed. Should Nixon be granted ownership, he could try to deny access by claiming...
...problems in correcting those troubles. The Allende government, by exhausting reserves of foreign exchange, boosting wages and subsidizing food prices to an unreasonable degree, bequeathed an inflation that totaled 842%. The junta's team of fiscal technocrats, many of them disciples of University of Chicago Economist Milton Friedman, have applied a tough austerity program that has let prices rise while holding down wages to keep demand in check. So far, Chile's inflation has come down to a projected 250%-300% for 1974. Still, the average laborer needs to work four hours to earn enough for a kilo...