Tag Archives: Milton Friedman

Big Data Accountability and the Challenge of Institutional Discrimination

Discrimination can include comments, actions or decisions that make people feel unwelcome or uncomfortable, based on their identity or ability. It can also include policies, rules, and ways of doing things that knowingly or unknowingly disadvantage some groups of people, … Continue reading

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Wages Stopped Rising: Unraveling the Libertarian Movement

The first well-developed statement of libertarianism, An Agreement of the People (1647), was produced by the radical republican Leveler movement during the English Civil Wars (1642–51). Presented to Parliament in 1649, it included the ideas of self-ownership, private property, legal … Continue reading

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Lessons Learned from Alfred Russel Wallace’s Interactions with Flat-earthers and Bell Curve Enthusiasts

Alfred Russel Wallace is best known for independently conceiving the theory of evolution through natural selection; his paper on the subject was jointly published with some of Charles Darwin’s writings in 1858. When he died in 1913, he was the … Continue reading

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Unitarian and Social Anarchist Ideas Could Complement One Another

More and more people are asking why laissez-faire economics does not appear to work, and are questioning the theories that support the free market system. This brings the neoliberal project under scrutiny, including the necessity for less taxes and regulation. … Continue reading

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The Well-being Agenda: Measuring Economic Progress

In a distinct vision of the good society envisioned by Friedrich Hayek, Milton Friedman or Gary Becker, individual liberty and freedom can best be protected and achieved by an institutional structure, made up of strong private property rights, free markets, … Continue reading

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The Good Society: An Alternative Vision of Progress

When John Locke made his pronunciations in the 18th century, the ideal of an autonomous individual was embedded in a complex system that included family and church on one hand, and on the other a vigorous public sphere in which … Continue reading

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The Rise of the Kleptocracy: America’s Security Threat

Milton Friedman’s neoliberal triumvirate of privatization, deregulation – free trade, and drastic cuts to government spending laid the groundwork for Reagan economic policies of deregulation that began in the 1980s. This, in turn, launched globalization which was supposed to undermine … Continue reading

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Introducing Change While Respecting the Individual

Jeremy Bentham (1748-1832), an English philosopher, is principally known for his principle of utilitarianism, which evaluates actions based on their consequences. Bentham believed, motivated by pleasure and pain, people value self-interest above social interest. He maintained that putting his moral … Continue reading

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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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