Milton Friedman Theory. He said that the antidote to inflation was higher interest rates which in turn reduces the money supply. Milton friedman popularized the theory of monetarism in his 1967 address to the american economic association.
This shareholder primacy approach views shareholders as the economic engine of the organization and the only group to which the firm is socially responsible. Milton friedman is the father of monetarism. With george stigler and others friedman was among the intellectual leaders of the chicago school of economics a.
American economist milton friedman developed the doctrine as a theory of business ethics that states that an entity s greatest responsibility lies in the satisfaction of the shareholders the business should therefore always endeavor to maximize its revenues to increased returns for the shareholders.
He said that the antidote to inflation was higher interest rates which in turn reduces the money supply. American economist milton friedman developed the doctrine as a theory of business ethics that states that an entity s greatest responsibility lies in the satisfaction of the shareholders the business should therefore always endeavor to maximize its revenues to increased returns for the shareholders. He said that the antidote to inflation was higher interest rates which in turn reduces the money supply. This shareholder primacy approach views shareholders as the economic engine of the organization and the only group to which the firm is socially responsible.
