Milton Friedman or just friedman.
I think you are looking for Gordon Freeman.
Any from the Austrian or Chicago school of thought.
Capitalism and its followers believe the fault lies within the Federal Reserve.
I would take it as: consumer is supreme; disclaimer - i am not an economist; only an ordinary layman.
W. Andrew Achenbaum.
Galbraith.
John Galbraith.
galbraith novanet
yes there is ..... consumer sovereignty is when the consumers are in control of what is produce for example the U.S.
Many economists, especially in the US, would prefer a completely open free market economy, without any government interference in the forms of rules and regulations. However, most people believe there need to be at least some laws in place to prevent things like monopolies or corruption.
Consumer sovereignty is an advantage because it is the consumers who determine the services and goods produced.
This is the belief of Chicago School economists such as Milton Freedman. The counter argument is that Consumers never had true sovereignty. They are the pawns in the game, not the kings. Without regulations, consumers were sold bread with sawdust in it and milk with water and chalk added. They also were subject to exploding Pintos and cribs that killed babies. According to this counter argument, there is no realistic way for consumers to avoid being ripped off if there is no government regulation.