In recent years, digital versions of the Britannica have been developed, both online and on optical media. Since the early s, the Britannica has developed several "spin-off" products to leverage its reputation as a reliable reference work and educational tool. The Encyclopedia as known up to was incurring unsustainable losses and the print editions were ended, but it continues on the Internet. Encyclopedias of various types had been published since antiquity, beginning with the collected works of Aristotle and the Natural History of Pliny the Elder , the latter having articles in 37 books. Most early encyclopedias did not include biographies of living people and were written in Latin , although some encyclopedias were translated into English, such as De proprietatibus rerum On the properties of things by Bartholomeus Anglicus. However, English-composed encyclopedias appeared in the 18th century, beginning with Lexicon technicum, or A Universal English Dictionary of Arts and Sciences by John Harris two volumes, published and , respectively , which contained articles by such contributors as Isaac Newton.
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Several students and young professors who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker , Robert Fogel , Thomas Sowell  and Robert Lucas Jr. Friedman's challenges to what he later called "naive Keynesian theory"  began with his s interpretation of the consumption function. He introduced a theory - the Permanent Income Hypothesis - which would later become part of the mainstream and among the first to propagate the theory of consumption smoothing. His monetary theory influenced the Federal Reserve's monetary policy in response to the global financial crisis of — He once stated that his role in eliminating conscription in the United States was his proudest accomplishment.
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