Milton Friedman
Revisiting Milton Friedman
The following is an excerpt from Jennifer Burns' new book "Milton Friedman, The Last Conservative," out November 14.
The Chicago Boys and the Chilean Neoliberal Project
In a new book, The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism, Sebastian Edwards details the history of neoliberalism in Chile over the past seventy years. The Chicago Boys—a group of Chilean economists trained at the University of Chicago through the U.S. State Department’s “Chile Project”—played a central role in neoliberalism’s ascent during General Augusto Pinochet’s rule. What follows is an excerpt from the book on University of Chicago economist Milton Friedman’s 1975 visit to Chile to meet with Pinochet and business leaders.
When Milton Friedman Sided With Keynes Over Hayek on Inflation
In an excerpt from his book Samuelson Friedman: The Battle Over the Free Market, Nicholas Wapshott explores the disagreements between Friedman and Hayek over...
George Stigler and the Challenge of Democracy
We are all victims of what George Stigler described as “the pervasive use of state support of special groups” and of governance failures everywhere....
An Unusual History: A Conversation Between Two Economists About the Economics Department at the University of Chicago
In conversation with Sebastian Edwards, Arnold C. Harberger reflects on his time at the Department of Economics at the University of Chicago.
Editor’s note: The...
Why We Need To Re-think Friedman’s Ideas About Monopolies
Friedman’s New York Times Magazine article on the social purpose of business was a specific intervention in the debate over shareholder activism and mentions...
Covid-19, TikTok, and Milton Friedman: ProMarket’s Top Stories of 2020
As 2020 draws to a close, we look back at ProMarket’s most-read and most-widely shared stories of the past year.
It should come as...
eBook: Milton Friedman 50 Years Later, a Reevaluation
Over the past couple of months, ProMarket has hosted a lively debate on whether Milton Friedman was right or wrong when he wrote that...
Friedman’s Legacy: From Doctrine to Theorem
Friedman was more right than his detractors claim and more wrong than his supporters would like us to believe. However, after 50 years of...
The Purpose of Business is to Solve Problems of Society, Not to Cause Them
Claims that a stakeholder-focused system of corporate governance cannot succeed in the US are perverse because they take as given that corporations in the...
