Milton Friedman was an American economist and a Nobel prize winner in the field of economics who was best known for his strong belief in free-market capitalism. He still remains to be one of the biggest icons of the libertarian ideology as well as one of the greatest financial experts. In the video below one of his short but thought-provoking speeches is presented.
Questions:
- Do you agree with the presented statement?
- Are you interested in economics? What other economic icons do you know?
- Were you aware of the libertarian ideology? If yes – do you agree with its concept of the market?
Sources:
Comments
I am somewhat interested, as my brother and boyfriend both graduated from economic schools. You could say that I learn by osmosis :D
I have heard about few: Adam Smith, Murray Rothbard, John Keynes and Karl Marx.
I have heard about it. I do agree to some extent. However, I believe that the “invisible force” works too slow sometimes and you cannot assume perfect market knowledge of all involved parties. That being said, sometimes regulations are necessary to ensure fair exchange.
2. I am not interested in economics and i don't know any well known economist.
3. Like i said i am not into economics that much but i don't believe it creates a peace and harmony in the world.