- published: 14 Jun 2011
- views: 54781
Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician, and author who taught at the University of Chicago for more than three decades. He was a recipient of the Nobel Memorial Prize in Economic Sciences, and is known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. As a leader of the Chicago school of economics, he influenced the research agenda of the economics profession. A survey of economists ranked Friedman as the second most popular economist of the twentieth century behind John Maynard Keynes, and The Economist described him as "the most influential economist of the second half of the 20th century…possibly of all of it."
Friedman's challenges to what he later called "naive Keynesian" (as opposed to New Keynesian) theory began with his 1950s reinterpretation of the consumption function, and he became the main advocate opposing activist Keynesian government policies. In the late 1960s he described his own approach (along with all of mainstream economics) as using "Keynesian language and apparatus" yet rejecting its "initial" conclusions. During the 1960s he promoted an alternative macroeconomic policy known as "monetarism". He theorized there existed a "natural" rate of unemployment, and argued that governments could increase employment above this rate (e.g., by increasing aggregate demand) only at the risk of causing inflation to accelerate. He argued that the Phillips curve was not stable and predicted what would come to be known as stagflation. Friedman argued that, given the existence of the Federal Reserve, a constant small expansion of the money supply was the only wise policy.
Dennis Prager (born August 2, 1948) is an American syndicated radio talk show host, syndicated columnist, author, and public speaker. He is noted for his conservative political and social views emanating from conservative Judeo-Christian values. He holds that there is an "American Trinity" of essential principles, which he lists as E Pluribus Unum, In God We Trust, and Liberty.
Dennis Prager was raised in Brooklyn, New York. He attended Rambam, a Jewish day school and Yeshiva of Flatbush, where he met his future co-author Joseph Telushkin. He majored in Middle Eastern Studies and History at Brooklyn College, graduating in 1970. He went on to study at the Russian Institute (now Harriman Institute) at Columbia University.He speaks several foreign languages, including Russian and Hebrew.He taught Jewish and Russian History at Brooklyn College, and was a Fellow at the Columbia University School of International and Public Affairs, where he did his graduate work at the Russian Institute (now the Harriman Institute) and Middle East Institute from 1970-1972. He is a Media Fellow at the Hoover Institution of Stanford University. He is also the founder of Prager University, a virtual university aimed at educating people through five-minute videos on conservative political and social views.
Christopher Eric Hitchens (13 April 1949 – 15 December 2011) was an English American author and journalist whose career spanned more than four decades. Hitchens, often referred to colloquially as "Hitch", was a columnist and literary critic for New Statesman, The Atlantic, The Nation, The Daily Mirror, The Times Literary Supplement and Vanity Fair. He was an author of twelve books and five collections of essays. As a staple of talk shows and lecture circuits, he was a prominent public intellectual, and his confrontational style of debate made him both a lauded and controversial figure.
Hitchens was known for his admiration of George Orwell, Thomas Paine and Thomas Jefferson, as well as for his excoriating critiques of various public figures including Mother Teresa, Bill Clinton, Henry Kissinger and Diana, Princess of Wales. Although he supported the Falklands War, his key split from the established political left began in 1989 after what he called the "tepid reaction" of the Western left to the Rushdie Affair. The September 11 attacks strengthened his internationalist embrace of an interventionist foreign policy, and his vociferous criticism of what he called "fascism with an Islamic face." His numerous editorials in support of the Iraq War caused some to label him a neoconservative, although Hitchens insisted he was not "a conservative of any kind", and his friend Ian McEwan describes him as representing the anti-totalitarian left.