Milton Friedman/Related Articles

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• American conservatism [r]: A diverse mix of political ideologies that contrast with liberalism, socialism, secularism and communism. ^[e]
• Balance of trade [r]: The difference between the monetary value of exports and imports in an economy over a given time. ^[e]
• Capitalism [r]: Economic system based on the private ownership of resources and industry for the purpose of profit. ^[e]
• Chicago School of Economics [r]: A highly influential school of thought and methodology favoring free-market economics practiced at and disseminated from the University of Chicago after 1950 ^[e]
• Commercial state [r]: The concept, sometimes associated with Adam Ferguson's concept of civil society, refers to a political state devoted primarily to the promotion and advancement of commercial interests. Adam Smith referred to this as commercial society. ^[e]
• Economics [r]: The analysis of the production, distribution, and consumption of goods and services. ^[e]
• Fiscal conservatism [r]: A political position (primarily in the United States) that calls for lower levels of public spending, lower taxes and lower government debt. ^[e]
• Friedrich Hayek [r]: (1899–1992) Austrian School economist and political philosopher who argued for free-market capitalism. ^[e]
• Great Depression [r]: the severe downturn in economic activity that started in 1929 in Germany and the United States and affected many other countries. ^[e]
• Herbert Hoover [r]: US President from 1929 to 1933. ^[e]
• History [r]: Study of past human events based on evidence such as written documents. ^[e]
• IS-LM model [r]: Model of simultaneous equilibrium in the product and money markets - shown graphically as two intersecting interest rate/spending graphs, one depicting the investment/savings (I/S) relation and the other the liquidity/money (L/M) supply relation (also known as the Hicks-Hansen model). ^[e]
• Inflation [r]: An increase in the general level of the prices of goods and services. ^[e]
• John Maynard Keynes [r]: 20th-century English economist who advocated using government spending and taxation to influence the economy. ^[e]
• Keynesianism [r]: Economic theorists who have developed the theory originated by John Maynard Keynes which advocates the use of fiscal policy to maintain economic stability. ^[e]

• Margaret Thatcher [r]: The first woman Prime Minister of the United Kingdom, famous for her free market views and for successfully waging the Falklands War, frequently called the "Iron Lady". ^[e]
• Paul A. Volcker [r]: Add brief definition or description
• Political philosophy [r]: Branch of philosophy that deals with fundamental questions about politics. ^[e]
• Roots of American conservatism [r]: Those formative events that led to the modern American conservative movement ^[e]
• U.S. Economic history [r]: The economic history of the United States. ^[e]
• World War II, Homefront, U.S. [r]: A description of life in the U.S. during World War II. ^[e]