Reading and studying Milton Friedman’s works helped me and many of us to understand economic reality, to understand economics, to understand its methodology, the role of the market in society, the role of the state in a free market economy, the role of money in the economy etc. Surely there were other influential authors but there was no one comparable in intellectual and human integrity, in firmness of stances and attitudes, in innovative boldness, in simplicity and clarity of exposition and in the scope and quality of important contributions both to economic theory and to the theory of public policy...
In this clip from the PBS series "Free to Choose", Milton Friedman riffs on Leonard Read's "I, Pencil".
Thanks a lot, Milton Friedman!
Thursday, November 16, 2006
Posted by Mike on Thursday, November 16, 2006