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Milton Friedman on Monetarism - Dictionary of Arguments

Brocker I 397
Monetarism/Friedman: Friedman became the founder of a "monetarist" economic policy which, due to its fixation on the money supply-inflation context and its relativization of the full employment target in the political spectrum of interests, was perceived as more right-wing and fought against by groups close to trade unions.
Monetarism: is a policy of steady money supply growth as a necessary and sufficient condition of macroeconomic stability, i.e. above all to preserve the value of money.
VsMonetarism: this is an apparently interest-led stabilisation strategy of capitalist economic relations that systematically limits the options for action of the factor labour: market economy as a social order that is primarily committed to the freedom of capital.
MonetarismVsVs: this is misleading: Friedman's book "Capitalism and Freedom" is primarily about propagating scientific concepts and economic policy institutions that integrate politicians' decisions into a narrow regulatory system or - even better - make them superfluous. Friedman's thinking is (...) not directed against the freedom of the workers, but against the unrestricted scope for action of politicians, whose good intentions he did not necessarily doubted, but repeatedly doubted their competence. FriedmanVsFederal Banks, Trade UnionsVsFriedman.

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 [Author1]Vs[Author2] or [Author]Vs[term] 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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Ed. Martin Schulz, access date 2021-06-15
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