Economics Dictionary of Arguments

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Economics: Economics is the study of how people make choices under scarcity. It is a social science that focuses on the production, distribution, and consumption of goods and services. Economics also studies the behavior and interactions of economic agents and how economies work. See also Economy, Markets, Trade, Exchange.
Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Concept Summary/Quotes Sources

Milton Friedman on Economics - Dictionary of Arguments

Brocker I 409
Economic theory/Friedman: among his colleagues, Friedman, who apparently was never plagued by self-doubt, was widely regarded as the great simplifier who was able to bring economic interrelationships to the point with public appeal, but who liked to ignore the complexity arising from technical counter-arguments.
>M. Friedman
KrugmanVsFriedman: Paul Krugman saw the ideologist as the third facet of Friedman's personality alongside the economist and the economic policy advisor; his public economic policy recommendations always had concerns about his intellectual seriousness (Krugman 2007) (1).
SolowVsFriedman: Robert Solow joined in. People like Friedman are bad for the economy as well as for society, and debates with them are a waste of time (Solow 2013)(2).
>P. Krugman.

1 .Paul Krugman, »Who Was Milton Friedman?«, in: The New York Review of Books 54/2, 15. Februar 2007.
2. Robert M. Solow, M., »Why Is There No Milton Friedman Today?«, in: Econ Journal Watch 10/2, 2013, 214-216. Spahn, Peter, »Milton Friedman«, in: Heinz-Dieter Kurz (Hg.), Klassiker des ökonomischen Denkens, Bd. 2, München 2009, 282-300.

Peter Spahn, „Milton Friedman, Kapitalismus und Freiheit“, in: Manfred Brocker (Hg.) Geschichte des politischen Denkens. Das 20. Jahrhundert. Frankfurt/M. 2018

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Econ Fried I
Milton Friedman
The role of monetary policy 1968

Brocker I
Manfred Brocker
Geschichte des politischen Denkens. Das 20. Jahrhundert Frankfurt/M. 2018

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