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Friedman speculated he had been invited for the fellowship while the their views have been inappropriate in order to both of the new Cambridge factions. At the time, the brand new Cambridge economics faculty are divided into a Keynesian majority (in addition to Joan Robinson and you can Richard Kahn) and you can an enthusiastic anti-Keynesian minority (going because of the Dennis Robertson). Friedman spent the fresh 1954–1955 informative 12 months since the a good Fulbright Checking out Fellow from the Gonville and you can Caius University, Cambridge. He acknowledged the newest invite, and you will presumed obligations for the Bureau’s query on the role out of cash in the business duration. In the 1945, Friedman submitted Profits out of Separate Elite group Practice (co-authored with Kuznets and you can accomplished while in the 1940) so you can Columbia as the their doctoral dissertation.
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