Milton Friedman is one of the well-known America economist that success in the field of economics. He was born on 31st July 1912 in Brooklyn, New York, United State of America and died of heart failure on 16th November 2006 at the age of 94 in San Francisco, California, United State of America. Milton Friedman has three elder sister and he is the fourth and last child and first son of Jeno Saul Friedman and Sarah Ethel, both of whom worked as dry goods merchants. His height is about 152 centimetres. His spouse is Rose Friedman who was born on year 1938 and died on year 2009 at the age of 71. Milton Friedman has two children, David D. Friedman, an anarcho-capitalist economist born on 12nd February 1945 and Janet. Patri Friedman, his grandson was the executive director of The Sea steading institute from year 2008 to 2011.
He attend public elementary and also secondary school along with his sisters and he manage to graduate from Rahway High School in year 1928 before his 16th birthday. During Milton Friedman’s senior year in high school, his father pass away. This cause his mother and two of his sisters have to take over the burden to support the family. In year 1932, Friedman finish his study from Rutgers University. Rutgers University is The State University of New Jersey and also is the largest institution for higher education in New Jersey. Friedman specialized in mathematics as he intended to become an actuary. Friedman was influenced by Arthur F. Burns and Homer Jones, two economics professors who persuade Friedman that modern economics could help the depression at Rutgers University.
In year 1933, Friedman choose the scholarship in economics that was offered by University of Chicago and he earn an M.A. At here, Friedman met ...
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...Utility Theory. Retrieved 11, April, 2014, from http://www.policonomics.com/critiques-to-expected-utility-theory/ Rognlie, M. (2011). The Practical Irrelevance of The Friedman Rule. Retrieved 8, April, 2014, from http://mattrognlie.com/2011/05/13/the-practical-irrelevance-of-the-friedman-rule/
The national Bureau of Economic Research. (n.d.). Retrieved 23, April, 2014, from http://www.nber.org/chapters/c4403 Vladimir Gonda. (2002). Milton Friedman. Retrieved 22, March, 2014, from http://www.nbs.sk/_img/Documents/BIATEC/BIA03_02/friedman.pdf Wikipedia, The Free Encyclopedia. (2014). Retrieved from http://en.wikipedia.org/wiki/Modern_Monetary_Theory#Vertical_transactions Yahoo! Answer. What are the benefits and drawbacks of classical liberalism? (n.d). Retrieved
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Dwight David Eisenhower also know as “Ike” served as the 34th President of the United States. Ike was elected on January 20, 1953 and left January 20th, 1961. He was born on October fourteenth in Denison Texas, then passed away March twenty- eighth 1969 in Washington D.C. After he was born in Texas, his family and him moved to Abilene Kansas, the Eisenhower family was poor but Ike worked throughout his childhood to work to earn money. He was the third of the seven children, they all were raised by David Jacob Eisenhower who was a mechanic and manager, and Ida Elizabeth Stover, who was a religious pacifist.
On October 14, 1890, Mrs. Ida Elizabeth Eisenhower gave birth to her third son, Dwight David. He was a younger brother to Arthur B. and Edgar A. Eisenhower. Dwight was born in Denison, Texas, where his family was living at the time.
Thomas Friedman is an op-ed journalist that works for The New York Times. He often writes about issues concerning the Middle East but has some focus on America and other foreign countries like China. He is Jewish, well educated, and sixty years old. His experiences as a teenager and the way he was raised influence how he writes and is the reason for his focus on foreign affairs for The New York Times. He has also more recently been focused on a green revolution that needs to happen soon. Thomas Friedman's passion for environmentalism started from his passion of the Middle East because he saw that the world is not on a stable path and a change needs to be made soon.
In Benjamin Franklin’s Autobiography, Samuel Keimer is a character who represents the antithesis of Franklin. The development of Keimer not only improves the reader’s understanding of the minor character, but also of Franklin, the major character. Franklin makes a point of showing the reader each of Keimer’s faults and contrasting them with his own merits.When Keimer is first introduced to the reader, he is in very much the same circumstances as Franklin; they are two young men trying to make a fresh start in a new town, the only difference being Keimer’s economic, and thereby social, advantage. In comparison to Franklin, however, Keimer is a flawed and immoral man; this difference is what makes him the ideal model for Franklin to scrutinize. As Benjamin Franklin consistently moves up the social and economic ladders, more than surpassing Keimer’s achievements, Keimer quickly falls into poverty and loses everything. “With the rest I (Benjamin Franklin) began to live very agreeably; for they all respected me, the more as they found Keimer incapable of instructing them, and that from me they learned something daily.”1 Franklin goes into great detail to teach the reader how one should live one’s life in order to avoid the same fate as Keimer.
Dwight D. Eisenhower’s strong and experienced leadership in the United States military was the main contribution of him becoming one of the greatest and mot successful presidents. Born on October 14, 1890, Dwight D. Eisenhower had a role of leadership. During his high school career he was a leader on the baseball and football field. Once he graduated high school he took off from school for to years to go work with his uncle and father at the Bell Springs Creamery and worked as a fire fighter. He acted as a leader by using his money to help pay for his brothers tuition for college. In 1911, Dwight was accepted into West Point Academy, this was the start of his military career that would take him far in his life.
degrees of Bachelor of Science in 1936 and Doctor of Philosophy in 1937. Since that time
The Autobiography of Benjamin Franklin is a representation of the new prospect of upward mobility in colonial America during the 18th century and the development of the Age of Reason, which assisted in the conception of the idea of the “American Dream”; a dream that includes fundamentally social ideals such as democracy, equality, and material prosperity. Furthermore, Franklin’s autobiography exemplifies a significant shift in focus from religion to enlightenment and reason. Additionally, there were forces specific to Benjamin Franklin's Philadelphia, that played an important role in his perspectives and the changes that occurred within colonial America during the 18th century.
Read my lips: no new taxes. These few simple words invoked the American public to elect a man who grew up in a small town in Massachusetts to be the most powerful man in the world. This man is George Herbert Walker Bush. George grew up in Milton, Massachusetts a small town near the Quincy Bay and the Neponset River. His father was a banker and later became a politician who represented Connecticut in the Senate from 1952 until 1963. He attended Phillips Academy of Boarding School in Boston. There he demonstrated his strong sense of leadership through holding many high positions such as president of the senior class, secretary of the student council, president of the community fund-raising group, a member of the editorial board of the school newspaper, and captain of the varsity baseball and soccer teams. Then disaster struck. The Japanese bombed us at Pearl Harbor. Bush decided that it was his duty to serve our country and joined the navy. He became a pilot and was the youngest pilot in the navy at that time. He fought courageously but had to bail out of his plane when it was shot down. He was rescued and received the Distinguished Flying Cross. Upon returning from the war he married Barbara Pierce, his long time sweetheart from Philip's Academy. He then attended Yale University. He graduated with a degree in economics. And started his own oil business. During his oil career he started to become interested in politics. In 1959 he became chairman of the Harris County Republican Party. In 1964 he campaigned for Senator of Texas. He lost. Two years later, he eventually became U.S. Representative in Congress. After a devastating loss in the 1970 election President Richard Nixon appointed him to be the US ambassador to the United Natio...
William J. Bennett, who was part of the Reagan administration as Secretary of Education, coined the correlation between loans and tuition prices. In 1987, William J. Bennett wrote an article called “Our Greedy Colleges” in The New York Times. He hypothesized that increasing the ease of obtaining a lot of money through financial aid has led to universities confidently increasing the price. They no longer have to worry about students coming into contact with the balloon costs they set. These increases in price without monetary restrictions have contributed to what could now be the next huge financial crisis. Bennett sees the increasing of tuition solely as university official’s greed to take more. One professor argues against Bennett’s hypothesis.
Lyndon Baines Johnson often known as LBJ. He was the 36th President of the United
Gerald Ford, the thirty-eighth President of the United States, was born on July 14, 1913 in Omaha, Nebraska to Dorothy Ayer Gardner King and Leslie Lynch King. Ford was named after his father, Leslie Lynch King Jr., who was later divorces by his mother because of domestic violence problems. After divorcing Leslie Lynch King, Ford’s mother moved the two to Grand Rapids, Michigan where she met Gerald R. Ford. Ford’s mother called her son Gerald R. Ford Jr., and his name was legally changed in 1935. Gerald Ford went to South High School where he shined athletically and academically. He then proceeded to go the the University of Michigan in Ann Harbor and majored in economics. Ford excelled at the sport of football and was voted the most valuable player in 1934. Because of his skills in football, Ford received two proposals from the Detroit Lions and the Green Bay Packers. Ford declined and chose to be a boxing coach as well as an assist at varsity football coach at Yale. Ford chose Yale because he wanted to practice law. Ford graduated with his L.L.B. (Bachelor of Law Degree) in 1941 and in the top twenty-five percent of his class. In the April of 1942, Ford joined the U.S. Naval Reserve and practiced physical fitness. Later in life, Ford would marry Elizabeth Anne Bloomer and they would have four children together.
If I had to vote for any of the presidents that we researched, I would probably vote for Ronald Reagan. I felt as if he was the best president that my group researched. I really liked all of his policies, and I thought they made a great impact on America. Ronald Reagan was a Republican, which meant that he favored having a free market, limit government regulation of industry, and allowing individuals to help the needy. Republicans are also against same-sex marriage and in the case of abortion, they are pro-life.
Benjamin Franklin Benjamin Franklin, a man who is considered one of the first “Americans” (many consider him as the first) where he had a great role in the establishment of the independence of the United States of America. He had a great deal of major and minor professions, which were of vital significance during that period of time. These professions include being a politician where his theories were remarkable, a scientist where he himself was an inventor, a postman, a diplomat and last but not least a man responsible for a lot of discoveries in the field of physics. Early Life The early stage in Franklin’s life was entangled with meandering where his family were facing a number of issues including poverty where his father Josiah Franklin was a mere soap maker, in addition to scarce financial support due to him being one of seventeen brothers and sisters.
John D. Rockefeller was born on July 8, 1839 in Rickford, New York. He grew up in a very poor family. His father was William Avery Rockefeller. He claimed to be a doctor, who for $25 would cure various diseases. His mother was Eliza Davison Rockefeller. She was the role model who taught Rockefeller his values and morals (Poole). John Rockefeller was the second child. Altogether he had five brothers and sisters (Outman 139). As a child he was very business smart. At the young age of 12 he loaned $50 to a famer. He charged a 7% interest. When he was older he said this about the business deal, “The impression was gaining ground with me that it was a good thing to let money be my servant and not make myself a slave to money” (Poole).
Samuelson was born on May 15, 1915. It can be inferred that he was intelligent; he enrolled in the University of Chicago at the age of sixteen. The beginning of his love for economics, or as he stated, his rebirth, started at 8:00 a.m on January 2, 1931, when he attended a lecture on Malthus' economic theory. During the lecture, he was astounded by his ability to comprehend economic equations to the point where he suspected that he was “missing out on some mysterious complexity.” (Samuelson)