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Influential1 economist2 Milton Friedman died at the age of 94 last week. The 1976 Nobel Prize winner's belief in free markets influenced the policies of Britain's Margaret Thatcher3, Chile's Augusto Pinochet, and US presidents Richard Nixon, Gerald Ford4, and especially Ronald Reagan. The work by him and his students at the University of Chicago became known as the "Chicago school of monetary5 economics," and it provided a conservative reaction to economics departments at Harvard and MIT, who built on British economist John Maynard Keynes' ideas about how a government could actively6 stimulate7 economic growth.
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1 influential | |
adj.有影响的,有权势的 | |
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2 economist | |
n.经济学家,经济专家,节俭的人 | |
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3 thatcher | |
n.茅屋匠 | |
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4 Ford | |
n.浅滩,水浅可涉处;v.涉水,涉过 | |
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5 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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6 actively | |
adv.积极地,勤奋地 | |
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7 stimulate | |
vt.刺激,使兴奋;激励,使…振奋 | |
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