Comparing Milton Friedman And John Maynard Keynes

Milton Friedman and John Maynard Keynes were two respected economist throughout the 1900s. Friedman, an American economist, was a prominent advocate of free market. Whereas keynes, his rival, was a firm believer of fiscal policy. Although Friedman and Keynes seemed to rarely agree on their ideology, both made a substantial impact on the economic world. Despite the fact that they were two influential economist, Friedman’s Theory of Consumption Function is what made him superior to Keynes. When it comes to the subject of free markets Milton Friedman and John Maynard Keynes have conflicting views. Friedman believes in a command economy in which “everyone receives their orders from a higher authority and gives orders to their subordinates” (Free