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friedman, milton

friedman, milton in Culture

Friedman, Milton definition


An American economist of the twentieth century. Friedman has defended free enterprise and attacked government regulation of the economy. He has condemned socialism as an economic failure and celebrated capitalism for combining prosperity with personal liberty. (See also monetarism.)

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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