Read Free to Choose: A Personal Statement by Milton Friedman Free Online
Book Title: Free to Choose: A Personal Statement|
The author of the book: Milton Friedman
Edition: Mariner Books
The size of the: 321 KB
City - Country: No data
Loaded: 2239 times
Reader ratings: 5.7
Date of issue: November 26th 1990
ISBN 13: 9780156334600
Format files: PDF
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It's very frustrating to read a decades old book on socioeconomic problems and realize that those problems have only gotten worse in the interim. Especially when that book predicted the consequences of continuing along the current path and presented solutions to dig ourselves out of the worst of the results.
Milton Friedman is a giant in economics and it is our great tragedy that we have ignored his advice. Just as a man who denies law of gravity demonstrates it when he jumps off a cliff, the western world has demonstrated Friedman buy jumping off the cliff of Keynesianism. The result has been the disintegration of our society that is only now reaching the beginning of the final stages.
When the time comes to teach my children formal economics, Friendman will be an important influence on their studies. It makes me so very sad that they will have their own nation as a first hand counter example. And that I will have to explain how their parents and grandparent's generations had the answers in their hands and we're too selfish to act upon them.
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Read information about the authorMilton Friedman was an American Nobel Laureate economist and public intellectual. He made major contributions to the fields of economics and statistics. In 1976, he was awarded the Nobel Prize in Economics for his achievements in the fields of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy. He was an advocate of economic freedom.
According to The Economist, Friedman "was the most influential economist of the second half of the 20th century...possibly of all of it". Former Federal Reserve Board chairman Alan Greenspan stated, "There are very few people over the generations who have ideas that are sufficiently original to materially alter the direction of civilization. Milton is one of those very few people."
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