[PAR] [TLE] Milton Friedman [SEP] Milton Friedman ( ; July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.  With George Stigler and others, Friedman was among the intellectual leaders of the second generation of Chicago price theory, a methodological movement at the University of Chicago's Department of Economics, Law School, and Graduate School of Business from the 1940s onward.  Several students and young professors that were recruited or mentored by Friedman at Chicago went on to become leading economists; they include Gary Becker, Robert Fogel, Thomas Sowell, and Robert Lucas, Jr. [PAR] [TLE] Demand reduction [SEP] Demand reduction refers to efforts aimed at reducing the public desire for illegal and illicit drugs.  The drug policy is in contrast to the reduction of drug supply, but the two policies are often implemented together.  Some discussions of demand reduction make a distinction between policies that address single issues (such as public "knowledge-of-harms") or are short-term interventions (such as in-school programs), and those that approach drug demand as a complex issue with multiple social risk factors.  Some economists such as Milton Friedman argue that due to the law of supply and demand, reducing demand is the only effective way to reduce drug use long-term.  It is questionable, however, whether demand reduction programs actually reduce demand.
[PAR] [TLE] Milton Friedman [ SEP ] Milton Friedman ( ; July 31 , 1912 – November 16 , 2006 ) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis , monetary history and theory , and the complexity of stabilization policy . With George Stigler and others , Friedman was among the intellectual leaders of the second generation of Chicago price theory , a methodological movement at the University of Chicago 's Department of Economics , Law School , and Graduate School of Business from the 1940s onward . Several students and young professors that were recruited or mentored by Friedman at Chicago went on to become leading economists ; they include Gary Becker , Robert Fogel , Thomas Sowell , and Robert Lucas , Jr. [PAR] [TLE] Demand reduction [ SEP ] Demand reduction refers to efforts aimed at reducing the public desire for illegal and illicit drugs . The drug policy is in contrast to the reduction of drug supply , but the two policies are often implemented together . Some discussions of demand reduction make a distinction between policies that address single issues ( such as public " knowledge - of - harms " ) or are short - term interventions ( such as in - school programs ) , and those that approach drug demand as a complex issue with multiple social risk factors . Some economists such as Milton Friedman argue that due to the law of supply and demand , reducing demand is the only effective way to reduce drug use long - term . It is questionable , however , whether demand reduction programs actually reduce demand .
Which economist from University of Chicago argued in favor of demand reduction?
Which economist from University of Chicago argued in favor of demand reduction ?
Milton Friedman
Milton Friedman