Tag Archives: Milton Friedman

The Debate on the Science Behind Economic Choices

The choices you face in the ordinary business of your life – buying clothing, deciding what to eat, or seeking a job all involve considerations of cost, scarcity, and tradeoffs with other options – are economic decisions. The Enlightenment of … Continue reading

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The Death of Liberalism

Classical liberalism supported the notion that society as a whole would begin to prosper as the level of personal freedom or autonomy increased. Individuals left to their own devices to pursue their own goals, limited only by known and universally … Continue reading

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Part 1 of 2. Creating Opportunities: A Comparison of Top-down and Bottom–up Systems

Jean-Jacques Rousseau (1712-1778), a political philosopher and essayist, described an endemic moral inequality that was related to power and wealth. As men come together, Rousseau claimed, there is a drive to compare themselves to others – driving men to seek … Continue reading

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On Sustainability

The increasing challenge for determinants of health approach is the creeping trends of small government and minimal regulations that have subverted the plans for sustainable environmental and social conditions that would bring enduring and equitable health gains. The modern economic … Continue reading

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The Trickle-down Effect

Milton Friedman (1912-2006), Nobel Prize winning economist from University of Chicago, popularized free market economy. Friedman’s explanation of economics emphasized that the laissez-faire economic system helps poor people by the trickle-down effect, which economic growth flows down from the top … Continue reading

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Another Inconvenient Truth

An inconvenient truth is a truth no one likes to admit, and thus it is inconvenient and causes problems or difficulties for someone. The truth about the climate crisis is an inconvenient one that means we are going to have … Continue reading

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On Virtual Feudalism

During the Age of Enlightenment people believed that the reasoning of men could free them of their ills, and lead to peace, security and good government. It was believed that reason would ensure the progress of humanity, and change the … Continue reading

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Plato and the Healthy Community

Athens and Sparta, two of the most powerful Greek city-states, had fought as allies in the Greco-Persian Wars between 499 and 449 BCE. The half-century following the Persian Wars Athens grew as a maritime power and prospered. As Athens grew … Continue reading

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