Free to Choose Video Tape Collection

Total Page:16

File Type:pdf, Size:1020Kb

Free to Choose Video Tape Collection http://oac.cdlib.org/findaid/ark:/13030/kt1n39r38j No online items Inventory to the Free to Choose video tape collection Finding aid prepared by Natasha Porfirenko Hoover Institution Library and Archives © 2008 434 Galvez Mall Stanford University Stanford, CA 94305-6003 [email protected] URL: http://www.hoover.org/library-and-archives Inventory to the Free to Choose 80201 1 video tape collection Title: Free to Choose video tape collection Date (inclusive): 1977-1987 Collection Number: 80201 Contributing Institution: Hoover Institution Library and Archives Language of Material: English Physical Description: 10 manuscript boxes, 10 motion picture film reels, 42 videoreels(26.6 Linear Feet) Abstract: Motion picture film, video tapes, and film strips of the television series Free to Choose, featuring Milton Friedman and relating to laissez-faire economics, produced in 1980 by Penn Communications and television station WQLN in Erie, Pennsylvania. Includes commercial and master film copies, unedited film, and correspondence, memoranda, and legal agreements dated from 1977 to 1987 relating to production of the series. Digitized copies of many of the sound and video recordings in this collection, as well as some of Friedman's writings, are available at http://miltonfriedman.hoover.org . Creator: Friedman, Milton, 1912-2006 Creator: Penn Communications Creator: WQLN (Television station : Erie, Pa.) Hoover Institution Library & Archives Access The collection is open for research; materials must be requested at least two business days in advance of intended use. Publication Rights For copyright status, please contact the Hoover Institution Library & Archives. Acquisition Information Acquired by the Hoover Institution Library & Archives in 1980, with increments received in 1988 and 1989. Preferred Citation [Identification of item], Free to Choose video tape collection, [Box no., Folder no. or title], Hoover Institution Library & Archives. Scope and Content of Collection Motion picture film, video tapes, and film strips of the television series Free to Choose, featuring Milton Friedman and relating to laissez-faire economics, produced in 1980 by Penn Communications and television station WQLN in Erie, Pennsylvania. Includes commercial and master film copies and unedited film, as well as project files, correspondence, memoranda, publicity materials, and legal agreements dated from 1977 to 1987 relating to production of the series. Digitized copies of many of the sound and video recordings in this collection, as well as some of Friedman's writings, are available at http://miltonfriedman.hoover.org . Related Collection(s) Milton Friedman papers, Hoover Institution Library & Archives Collected Works of Milton Friedman website, http://miltonfriedman.hoover.org Collected Works of Milton Friedman Project records, Hoover Institution Library & Archives The Legacy of Milton and Rose Friedman's Free to Choose conference proceedings, 2003, Hoover Institution Library & Archives Subjects and Indexing Terms Video tapes Free enterprise Motion pictures Economics Project Files 1977-1981, 1987 box 1, folder 1 Milton Friedman series, #1-10, draft outline of argument 1977 Scope and Contents note Includes correspondence. box 1, folder 2 Friedman proposal, proposal for a series of television programs, Public Broadcasting of Northwest Pennsylvania, Inc. 1977 Inventory to the Free to Choose 80201 2 video tape collection Project Files 1977-1981, 1987 box 1, folder 3 Bechtel Foundation 1977-1980 Scope and Contents note Includes extensive correspondence with George Shultz. box 1, folder 4 FMC Foundation, correspondence 1977-1980 box 1, folder 5 Firestone Tire and Rubber Company, correspondence 1977-1980 box 1, folder 6 General Motors Corporation, correspondence 1977-1980 box 1, folder 7 General Mills Foundation, correspondence 1977-1980 box 1, folder 8 Getty Oil Company 1977-1980 box 1, folder 9 W. R. Grace and Company, correspondence 1977-1980 box 1, folder 10 Working papers 1977-1979 Scope and Contents note Includes correspondence, Friedman project analysis, working schedule and responsibilities, budget, planning session, TV topics and key ideas, notes of the meetings, proposals and lecture list, and cash flow chart. box 1, folder 11 Invoices, expenses 1980 box 1, folder 12 Friedman lecture series 1978 box 1, folder 13 Friedman TV series and progress report 1977-1979 box 1, folder 14 Friedman underwriters 1979-1981 box 2, folder 1 Free to Choose, Chicago, remote 1979 box 2, folder 2 Planning grants 1977-1978 box 2, folder 3 Participation, promotion for rebroadcasts of series 1980 box 2, folder 4 Free to Choose, general information box 2, folder 5 Videocassette/video disc - guide to the manuals undated box 2, folder 6 Milton Friedman series, winter, 1980 tune-in, media recommendations 1979 box 2, folder 7 Friedman program description (titles and key ideas) 1978-1979 box 2, folder 8 Ohio state award 1981 box 2, folder 9 Friedman dinners and luncheons 1978-1980 box 2, folder 10 Hallmark Cards, Inc. 1977-1980 box 2, folder 11 Solicitation 1977-1979 box 2, folder 12 Lilly Endowment, Inc. 1977-1981 box 2, folder 13 John M. Olin Foundation, Inc. 1977-1980 box 2, folder 14 Pepsico, Inc. 1977-1980 box 2, folder 15 L. E. Phillips Charities, Inc. 1977-1980 box 3, folder 1 Reader's Digest, 1978-1980 box 3, folder 2 Sarah Scaife Foundation, Inc. 1977-1980 box 3, folder 3 Whittaker Corporation 1979-1980 box 3, folder 4 Legal opinions/Friedman materials 1979 box 3, folder 5 In-house, employees, and to watch file 1979-1980 box 3, folder 6 Friedman study guides 1978-1980 box 3, folder 7 Friedman, PBS 1979-1980 box 3, folder 8 Penn Communications, Inc., agreement 1983 box 3, folder 9 Publicity 1978-1979 box 3, folder 10 Free to Choose broadcast dates 1979-1980 box 3, folder 11 Non-broadcast distribution 1978-1979 box 3, folder 12 Moynahan Landou Communications, public relations approach for WQLN-TV 1978 box 3, folder 13 Milton Friedman script 1987 box 3, folder 14 Friedman cassette sales 1978-1981 box 3, folder 15 Friedman previewers 1979 box 3, folder 16 Free to Choose, letters from other PBS stations 1980 box 3, folder 17 Friedman contracts, video arts 1978-1979 box 3, folder 18 NFIB (National Federation of Independent Business) 1979-1981 box 3, folder 19 Fundraising/thank you notes 1981 box 3, folder 20 Denial of petitions for support with financial assistance 1981 Correspondence 1977-1981 Inventory to the Free to Choose 80201 3 video tape collection Correspondence 1977-1981 box 4, folder 1 A-D box 4, folder 2 E-H box 4, folder 3 I-L box 4, folder 4 M-P box 4, folder 5 Q-T box 4, folder 6 U-Z Printed Matter circa 1977-1981 box 4, folder 7 Viewer's guide Scope and Contents note Guide to ten stimulating television programs in which Milton Friedman, Nobel laureate, economist, and columnist, challenges us with startling facts and thought-provoking ideas, then responds to opposing views, raising brass-tack questions about the future of our free society. box 4, folder 8 Instructor's resource guide to Free to Choose, a television series by Milton Friedman Scope and Contents note Written by John M. Allen and David G. Armstrong, Center for Education and Research in Free Enterprise, A&M University, Texas. box 4, folder 9 Titles and key ideas box 4, folder 10 Press releases: individual program descriptions box 4, Discussion leader's resource guide to Free to Choose, a television series by Milton folder 11-12 Friedman, programs 1-10 Scope and Contents note Written by John M. Allen and David G. Armstrong, Center for Education and Research in Free Enterprise, A&M University, Texas. box 5, folder 1 Personal statement of Milton Friedman on the series of ten films, programs 1-10 box 5, folder 2 List of stations airing Free to Choose programs Scope and Contents note Includes repeat time. box 5, folder 3 Milton Friedman photographs (4 prints) box 5, folder 4 Video guide orders box 5, folder 5 Ten posters reflecting the theme of the programs box 5, folder 6 Cartoons promoting free market box 5, folder 7 Order forms Audiovisual Materials 1977-1985 shelf shelf Milton Friedman Speaks videorecordings 1977-1978 Scope and Contents note Milton Friedman Speaks was a series of 15 lectures, with question and answer sessions, given by Friedman between 1977 and 1978 that formed the basis for the Free to Choose television series. Master copies, 27 two-inch videoreels. "Who Protects the Consumer?," lecture 1, Pfizer Corporation, New York City 1977 September 12 reel 10 Reel 1 reel 11 Reel 2, Q&A "Putting Learning Back in the Classroom," lecture 2, Harlem Parents for Vouchers, New York City 1977 September 15 reel 14 Reel 1 reel 15 Reel 2, Q&A "Is Capitalism Humane?," lecture 3, Cornell University 1977 September 27 Inventory to the Free to Choose 80201 4 video tape collection Audiovisual Materials 1977-1985 Milton Friedman Speaks videorecordings 1977-1978 reel 5 Reel 1 reel 6 Reel 2 reel 7 Reel 3 "Who Protects the Worker?", lecture 4, WQLN-TV, Erie, Pennsylvania 1977 September 29 reel 8 Reel 1 reel 9 Reel 2 "What Is America?," lecture 5, University of Chicago 1977 October 3 reel 3 Reel 1 reel 4 Reel 2, Q&A "Myths That Conceal Reality," lecture 6, Utah State University 1977 October 13 reel 18 Reel 1 reel 19 Reel 2 "Money and Inflation," lecture 7, University of San Diego/San Diego Chamber of Commerce 1977 November 7 reel 23 Reel 1 reel 24 Reel 2 "Is Tax Reform Possible?," lecture 8, Americanism Education League, Pasadena, California 1978 February 6 reel 21 Reel 1 reel 22 Reel 2, Q&A Scope and Contents note Tape cut in two at 11:00 minutes. reel 25 "The Role of Government in a Free Society," lecture 9, Stanford University 1978 February 9 "The Energy Crisis: A Humane Solution," lecture 10, Bank of America, San Francisco, California 1978 February 10 reel 1 Reel 1 (break in tape at 7:38 minutes) reel 2 Reel 2, Q&A "What Is Wrong with the Welfare State," lecture 12, University of Rochester 1978 February 23 reel 26 Reel 1 reel 27 Reel 2, Q&A "Free Trade: Producer vs.
Recommended publications
  • Some Unpleasant Monetarist Arithmetic Thomas Sargent, ,, ^ Neil Wallace (P
    Federal Reserve Bank of Minneapolis Quarterly Review Some Unpleasant Monetarist Arithmetic Thomas Sargent, ,, ^ Neil Wallace (p. 1) District Conditions (p.18) Federal Reserve Bank of Minneapolis Quarterly Review vol. 5, no 3 This publication primarily presents economic research aimed at improving policymaking by the Federal Reserve System and other governmental authorities. Produced in the Research Department. Edited by Arthur J. Rolnick, Richard M. Todd, Kathleen S. Rolfe, and Alan Struthers, Jr. Graphic design and charts drawn by Phil Swenson, Graphic Services Department. Address requests for additional copies to the Research Department. Federal Reserve Bank, Minneapolis, Minnesota 55480. Articles may be reprinted if the source is credited and the Research Department is provided with copies of reprints. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System. Federal Reserve Bank of Minneapolis Quarterly Review/Fall 1981 Some Unpleasant Monetarist Arithmetic Thomas J. Sargent Neil Wallace Advisers Research Department Federal Reserve Bank of Minneapolis and Professors of Economics University of Minnesota In his presidential address to the American Economic in at least two ways. (For simplicity, we will refer to Association (AEA), Milton Friedman (1968) warned publicly held interest-bearing government debt as govern- not to expect too much from monetary policy. In ment bonds.) One way the public's demand for bonds particular, Friedman argued that monetary policy could constrains the government is by setting an upper limit on not permanently influence the levels of real output, the real stock of government bonds relative to the size of unemployment, or real rates of return on securities.
    [Show full text]
  • Forms of Government
    communism An economic ideology Political and economic theory derived from the ideas of karl marx. Government owns all Advantages DISAdvantages businesses and farms and - It embodies - It hampers provides its people's equality personal growth healthcare, education and - It makes health (promotes laziness, welfare. care, education, greed, etc). and employment - The government accessible to has the power to citizens. dictate and run the - It does not allow lives of the people. business - It does not give A Few Examples: monopolies. financial freedom. - China (1949 – Present) - Cuba (1959 – Present) - North Korea (1948 – Present) “I am communist because I “Communism is like believe that the comMunist prohibition. It’s a good idea, ideal is a state form of but it won’t work.” christianity” - will Rogers - Alexander Zhuravlyovv Socialism Government owns many of An Economic Ideology the larger industries and provide education, health and welfare services while Advantages DISAdvantages allowing citizens some - There is a balance - Bureaucracy hampers economic choices between wealth and the delivery of earnings services. - There is equal access - People are to health care and unmotivated to A Few Examples: education develop Vietnam - It breaks down social entrepreneurial skills. Laos barriers - The government has Denmark too much control Finland “The meaning of peace is “Socialism is workable only the absence of opposition to in heaven where it isn’t need socialism” and in where they’ve got it.” - Karl Marx - Cecil Palmer Capitalism Free-market
    [Show full text]
  • Liberty, Property and Rationality
    Liberty, Property and Rationality Concept of Freedom in Murray Rothbard’s Anarcho-capitalism Master’s Thesis Hannu Hästbacka 13.11.2018 University of Helsinki Faculty of Arts General History Tiedekunta/Osasto – Fakultet/Sektion – Faculty Laitos – Institution – Department Humanistinen tiedekunta Filosofian, historian, kulttuurin ja taiteiden tutkimuksen laitos Tekijä – Författare – Author Hannu Hästbacka Työn nimi – Arbetets titel – Title Liberty, Property and Rationality. Concept of Freedom in Murray Rothbard’s Anarcho-capitalism Oppiaine – Läroämne – Subject Yleinen historia Työn laji – Arbetets art – Level Aika – Datum – Month and Sivumäärä– Sidoantal – Number of pages Pro gradu -tutkielma year 100 13.11.2018 Tiivistelmä – Referat – Abstract Murray Rothbard (1926–1995) on yksi keskeisimmistä modernin libertarismin taustalla olevista ajattelijoista. Rothbard pitää yksilöllistä vapautta keskeisimpänä periaatteenaan, ja yhdistää filosofiassaan klassisen liberalismin perinnettä itävaltalaiseen taloustieteeseen, teleologiseen luonnonoikeusajatteluun sekä individualistiseen anarkismiin. Hänen tavoitteenaan on kehittää puhtaaseen järkeen pohjautuva oikeusoppi, jonka pohjalta voidaan perustaa vapaiden markkinoiden ihanneyhteiskunta. Valtiota ei täten Rothbardin ihanneyhteiskunnassa ole, vaan vastuu yksilöllisten luonnonoikeuksien toteutumisesta on kokonaan yksilöllä itsellään. Tutkin työssäni vapauden käsitettä Rothbardin anarko-kapitalistisessa filosofiassa. Selvitän ja analysoin Rothbardin ajattelun keskeisimpiä elementtejä niiden filosofisissa,
    [Show full text]
  • Free to Choose
    June 9, 2005 COMMENTARY Free to Choose By MILTON FRIEDMAN June 9, 2005; Page A16 Little did I know when I published an article in 1955 on "The Role of Government in Education" that it would lead to my becoming an activist for a major reform in the organization of schooling, and indeed that my wife and I would be led to establish a foundation to promote parental choice. The original article was not a reaction to a perceived deficiency in schooling. The quality of schooling in the United States then was far better than it is now, and both my wife and I were satisfied with the public schools we had attended. My interest was in the philosophy of a free society. Education was the area that I happened to write on early. I then went on to consider other areas as well. The end result was "Capitalism and Freedom," published seven years later with the education article as one chapter. With respect to education, I pointed out that government was playing three major roles: (1) legislating compulsory schooling, (2) financing schooling, (3) administering schools. I concluded that there was some justification for compulsory schooling and the financing of schooling, but "the actual administration of educational institutions by the government, the 'nationalization,' as it were, of the bulk of the 'education industry' is much more difficult to justify on [free market] or, so far as I can see, on any other grounds." Yet finance and administration "could readily be separated. Governments could require a minimum of schooling financed by giving the parents vouchers redeemable for a given sum per child per year to be spent on purely educational services.
    [Show full text]
  • Friedman's Monetary Framework
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Research Papers in Economics Friedman’s Monetary Framework: Some Lessons Ben S. Bernanke t is an honor and a pleasure to have this opportunity, on the anniversary of Milton and Rose Friedman’s popular classic, Free to Choose, to speak on I Milton Friedman’s monetary framework and his contributions to the theory and practice of monetary policy. About a year ago, I also had the honor, at a conference at the University of Chicago in honor of Milton’s ninetieth birthday, to discuss the contribution of Friedman’s classic 1963 work with Anna Schwartz, A Monetary History of the United States.1 I mention this earlier talk not only to indicate that I am ready and willing to praise Friedman’s contributions wherever and whenever anyone will give me a venue but also because of the critical influ- ence of A Monetary History on both Friedman’s own thought and on the views of a generation of monetary policymakers. In their Monetary History, Friedman and Schwartz reviewed nearly a cen- tury of American monetary experience in painstaking detail, providing an his- torical analysis that demonstrated the importance of monetary forces in the economy far more convincingly than any purely theoretical or even economet- ric analysis could ever do. Friedman’s close attention to the lessons of history for economic policy is an aspect of his approach to economics that I greatly admire. Milton has never been a big fan of government licensing of profession- als, but maybe he would make an exception in the case of monetary policy- makers.
    [Show full text]
  • Is Neoliberalism Consistent with Individual Liberty? Friedman, Hayek and Rand on Education Employment and Equality
    International Journal of Teaching and Education Vol. IV, No. 4 / 2016 DOI: 10.20472/TE.2016.4.4.003 IS NEOLIBERALISM CONSISTENT WITH INDIVIDUAL LIBERTY? FRIEDMAN, HAYEK AND RAND ON EDUCATION EMPLOYMENT AND EQUALITY IRIT KEYNAN Abstract: In their writings, Milton Friedman, Friedrich August von Hayek and Ayn Rand have been instrumental in shaping and influencing neoliberalism through their academic and literary abilities. Their opinions on education, employment and inequality have stirred up considerable controversy and have been the focus of many debates. This paper adds to the debate by suggesting that there is an internal inconsistency in the views of neoliberalism as reflected by Friedman, Hayek and Rand. The paper contends that whereas their neoliberal theories promote liberty, the manner in which they conceptualize this term promotes policies that would actually deny the individual freedom of the majority while securing liberty and financial success for the privileged few. The paper focuses on the consequences of neoliberalism on education, and also discusses how it affects employment, inequality and democracy. Keywords: Neoliberalism; liberty; free market; equality; democracy; social justice; education; equal opportunities; Conservativism JEL Classification: B20, B31, P16 Authors: IRIT KEYNAN, College for Academic Studies, Israel, Email: [email protected] Citation: IRIT KEYNAN (2016). Is neoliberalism consistent with individual liberty? Friedman, Hayek and Rand on education employment and equality. International Journal of Teaching and Education, Vol. IV(4), pp. 30-47., 10.20472/TE.2016.4.4.003 Copyright © 2016, IRIT KEYNAN, [email protected] 30 International Journal of Teaching and Education Vol. IV, No. 4 / 2016 I. Introduction Neoliberalism gradually emerged as a significant ideology during the twentieth century, in response to the liberal crisis of the 1930s.
    [Show full text]
  • 100 Years Since the Birth of Milton Friedman Marek Loužek 1
    REVIEW OF ECONOMIC PERSPECTIVES – NÁRODOHOSPODÁ ŘSKÝ OBZOR, VOL. 12, ISSUE 3, 2012, pp. 185–203 , DOI: 10.2478/v10135-012-0008-4 100 Years since the Birth of Milton Friedman Marek Loužek 1 Abstract: The paper deals with the economic theory of Milton Friedman. Its first part outlines the life of Milton Friedman. The second part examines his economic theories – “Essays in Positive Economics” (1953), “Studies in the Quantity Theory of Money“ (1956), “A Theory of the Consumption Function” (1957), “A Program for Monetary Stability” (1959), “A Monetary History of the United States 1897 to 1960” (1963), and “Price Theory” (1976). His Nobel Prize lecture and American Economic Association lecture in 1967 are discussed, too. The third part analyzes Friedman’s methodology. Milton Friedman was the most influential economist of the second half of the 20th century. He is best known for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy. Key words: Chicago School of Economics, Milton Friedman, monetarism, quantitative theory of money, theory of consumption function JEL Classification: B212, B31, E40, N10, 011 Milton Friedman was born one hundred years ago, which gives us an opportunity to commemorate this famous economist who has become a legend of economic theory indeed, and with his permanent income hypothesis, foundation of monetarism and the methodology of positive economics will forever be an inseparable part of economic theory. Why was Friedman’s economics such a revolutionary one, and why can we still learn much from him? Milton Friedman’s work is vivid and encompasses a broad scale, from highly expert and technical essays, to popular articles published in Newsweek, and to political- philosophical books.
    [Show full text]
  • To: University of Texas Faculty From: Andrew Koppelman This Workshop
    To: University of Texas faculty From: Andrew Koppelman This workshop paper is the introduction and first chapter of a book in progress. It runs a little long. For those pressed for time, please focus on pp. 3-17, 46-47, and 52-61. The Corruption of Libertarianism: How a Philosophy of Freedom was Betrayed by Delusion and Greed Andrew Koppelman* Draft: Aug. 22, 2019 Please do not cite or quote Introduction.............................................. 3 Libertarian political philosophy has produced astonishing cruelty ...................................................... 3 But its best known form is a corrupted variant ............... 6 It began as a plea for freedom and prosperity ................ 8 And now takes multiple forms ................................. 9 some of them not very nice .................................. 10 Hayek has something valuable to offer today’s debates about inequality .................................................. 13 Unlike the delusionary romanticism of Murray Rothbard, Robert Nozick, and Ayn Rand ........................................ 15 Libertarianism is vulnerable to corruption .................. 17 And even in its most attractive form, it is an inadequate political philosophy, and points beyond itself .............. 20 Chapter One: Prosperity.................................. 23 In the 1930s, almost everyone wanted central economic planning ............................................................ 23 Modern libertarianism was born with Hayek’s protest against that idea ................................................... 25 * John Paul Stevens Professor of Law and Professor (by courtesy) of Political Science, Department of Philosophy Affiliated Faculty, Northwestern University. Please send comments, correction of errors, and grievances to [email protected]. 1 Hayek introduced the idea of markets as a way to cope with too much information – more than any planner could know ......... 27 And thought that, if the human race was going to become less poor, undeserved inequality had to be accepted .............
    [Show full text]
  • Monetary Failures of the Great Depression
    The Park Place Economist Volume 8 Issue 1 Article 12 March 2008 Monetary Failures of the Great Depression Terrance L. Chapman '01 Illinois Wesleyan University Follow this and additional works at: https://digitalcommons.iwu.edu/parkplace Recommended Citation Chapman '01, Terrance L. (2000) "Monetary Failures of the Great Depression," The Park Place Economist: Vol. 8 Available at: https://digitalcommons.iwu.edu/parkplace/vol8/iss1/12 This Article is protected by copyright and/or related rights. It has been brought to you by Digital Commons @ IWU with permission from the rights-holder(s). You are free to use this material in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s) directly, unless additional rights are indicated by a Creative Commons license in the record and/ or on the work itself. This material has been accepted for inclusion by faculty at Illinois Wesleyan University. For more information, please contact [email protected]. ©Copyright is owned by the author of this document. Monetary Failures of the Great Depression Abstract This paper argues that mismanagement of the money supply substantially contributed to the economic disaster of The Great Depression. Indeed, from 1929 to the cyclical trough in 1933, the Federal Reserve allowed the money stock to fall by 33% while one-fifth of commercial banks closed and real money income fell 36%. These numbers seem staggering when one considers that the Fed performed few open market operations and even raised the discount rate in 1931 from 1.5% to 3.5%.
    [Show full text]
  • Milton Friedman,Adaptive Expectations,Permanent Income
    Discuss this article at Journaltalk: http://journaltalk.net/articles/5802 ECON JOURNAL WATCH 10(2) May 2013: 180-183 Mistah Friedman? He Dead. James K. Galbraith1 LINK TO ABSTRACT I knew Milton Friedman slightly. We met on three occasions. Once was at my parents’ home in Cambridge in the late 1970s, to my surprise since I didn’t suspect that my father and he were on speaking terms. Once was by happenstance at Alta in 1983; we skied together for three days. And once in 1990 he invited me to debate, along with David Brooks, for the re-release of the first hour of Free to Choose. I think there were two Milton Friedmans. One was an economist in the Age of Keynes, but in that special enclave, Chicago, which rejected every part of the New Deal including the Wagner Act, Social Security, public works and jobs programs, and also the early postwar resolve that “maximum employment, production and purchasing power” should be our national goal. In those years, too, Swedish social democracy and the British move to national health care were models, the next big thing in many American eyes. In protected isolation and non- conformity, Chicago rejected them all. At that moment, Friedman’s genius lay in his line of attack. He did not reject Keynesian models outright; rather he probed for vulnerability to clever modification. Though he had published essays tying economics to logical pos- itivism, hypothesis testing and evidence had nothing to do with his method here, which was that of the pure thought experiment. Two episodes stand out in memory: those of the permanent income hypothesis and the effect of adaptive expectations on the Phillips curve.
    [Show full text]
  • Milton Friedman's Contributions to Macroeconomics and Teir Influence
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Laidler, David Working Paper Milton Friedman's contributions to macroeconomics and teir Influence EPRI Working Paper, No. 2012-2 Provided in Cooperation with: Economic Policy Research Institute (EPRI), Department of Economics, University of Western Ontario Suggested Citation: Laidler, David (2012) : Milton Friedman's contributions to macroeconomics and teir Influence, EPRI Working Paper, No. 2012-2, The University of Western Ontario, Economic Policy Research Institute (EPRI), London (Ontario) This Version is available at: http://hdl.handle.net/10419/70286 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen
    [Show full text]
  • The Essential MILTON FRIEDMAN FRIEDMAN
    The Essential MILTON The Essential MILTON FRIEDMAN FRIEDMAN Milton Friedman was one of the most influential economists The Essential of all time. He revolutionized the way economists think about consumption, about money, about stabilization policy, and about unemployment. He demonstrated the power of committing oneself to a few simple assumptions about human behaviour and then relentlessly pursuing their logical implications. He developed and taught new ways of interpreting data, testing his theories by their MILTON ability to explain multiple disparate phenomena. His successes were spectacular and his techniques were widely emulated. But Friedman’s influence extended beyond economists. To the public at large, he was the world’s foremost advocate for economic and FRIEDMAN personal freedom. In the United States, he helped to end the military draft, to broaden educational choice, and to change the regulatory climate. Worldwide, almost all central banks now follow policies that are grounded in Friedman’s insights and recommendations. This book briefly summarizes Friedman’s extraordinary contributions to economic theory, Landsburg Steven economic practice, economic policy, and economic literacy. 978-0-88975-542-0 by Steven Landsburg The Essential Milton Friedman by Steven E. Landsburg Fraser Institute www.fraserinstitute.org Copyright © by the Fraser Institute. All rights reserved. No part of this book may be reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in critical articles and reviews. Th e author of this publication has worked independently and opinions expressed by him are, therefore, his own, and do not necessarily refl ect the opinions of the Fraser Institute or its supporters, directors, or staff .
    [Show full text]