The paper investigates the role played by Friedman’s interpretation of the Brazilian inflation in his 1967 formulation … countries, Friedman found in the Brazilian 1964-66 stabilization episode significant support for his argument about inflation … acceleration and a shifting Phillips curve. Friedman’s interest in the Brazilian inflationary economy prompted him to visit the …

Milton Friedman's influence on the economics profession has been enormous. In part, his success was due to political … forces that have made neoliberalism the dominant global ideology, but Friedman also rode those forces and contributed to them …. Friedman's professional triumph is testament to the weak intellectual foundations of the economics profession which accepted …