The Age of Milton Friedman
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Shleifer, Andrei
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https://doi.org/10.1257/jel.47.1.123Metadata
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Shleifer, Andrei. 2009. “The Age of Milton Friedman.” Journal of Economic Literature 47 (1): 123–35. https://doi.org/10.1257/jel.47.1.123.Abstract
Between 1980 and 2005, as the world embraced free market policies, living Standards rose sharply, while life, expectancy, educational attainment, and democracy improved and absolute poverty declined. Is this a coincidence? A collection of essays edited by Balcerowicz and Fischer argues that indeed reliance on free market forces is key to economic growth. A book by Stiglitz and others disagrees. I review and compare the two arguments.Terms of Use
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