After Friedman’s courses, they viewed themselves not as mere economists, but as soldiers fighting a righteous war against harmful government overreach and interference. He wasn’t the only economist of his day who believed in free trade without government interference, but it was Friedman’s energy and charisma that helped the idea to really take root in his students. Milton Friedmanĭisaster capitalism got its start in the University of Chicago’s Economics Department in the 1950s, under Milton Friedman. Keep reading to learn about Milton Friedman’s capitalism philosophy, and his efforts to realize his vision of perfect-market capitalism-efforts that would, in time, lead to the modern disaster capitalism complex. Friedman believed in the power of the market to regulate itself, was strongly against government intervention, and was in favor of privatization and maximization of corporate profits. Milton Friedman was an American economist who was best known for his devotion to the ideology of free-market capitalism.
Who was Milton Friedman? What was his economic philosophy?
Like this article? Sign up for a free trial here. Shortform has the world's best summaries and analyses of books you should be reading. This article is an excerpt from the Shortform book guide to "The Shock Doctrine" by Naomi Klein.
0 kommentar(er)
