Packet 5: Tossup 11

The legal bases of both the Jensen–Meckling theory of the firm and an idea named for this economist were attacked by Lynn Stout. This economist argued that models should be judged solely by their “fruitfulness.” (10[1])This economist created a non-parametric test that serves as a special case of the Durbin test for complete block designs. An idea often named for this economist is opposed by stakeholder theory. (10[1])This economist argues that business (10[1])decisions like refusing to raise prices (10[1])are “spending other people’s money” in an op-ed (10[1])on a “doctrine” (10[1])of shareholder primacy often named for him. That op-ed is “The Social Responsibility of Business (10[1])is to Increase Its Profits.” (10[1])This creator of the “k-percent rule” (10[2])and (10[1])permanent (10[1])income (10[2])hypothesis (10[2])wrote Capitalism and Freedom. (10[1])For 10 points, name this leading advocate of monetarism from the Chicago School. (10[2])■END■ (10[2])

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