Milton Friedman's Contribution to Present Day Macroeconomic Policy. Postulations and Applicability in Zimbabwe

Thabani Nyoni

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Essay from the year 2015 in the subject Business economics - Economic Policy, , course: Macroeconomics and Policy, language: Engl...

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Essay from the year 2015 in the subject Business economics - Economic Policy, , course: Macroeconomics and Policy, language: English, abstract: Milton Friedman is an American economist who is well known in Economics for down-playing the orthodox Keynesian analysis and policy activism during the 1950s and 1960s. His contribution to present day macroeconomic policy is based on monetarism although there are some contributions which he made such as the permanent income hypothesis. This essay serves to discuss the major contribution of Milton Friedman to present day macroeconomic policy, commenting on the empirical applicability of his postulations in Zimbabwe.