Henry Ford didn’t revolutionize the automobile industry that way. Einstein didn’t construct his theory under order from a bureaucrat. The great achievements of civilization have not come from government bureaus. The world runs on individuals pursuing their separate interests. “Well first of all, tell me: Is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of course, none of us are greedy, it’s only the other fellow who’s greedy. Former Federal Reserve Board chairman Alan Greenspan stated, "There are very few people over the generations who have ideas that are sufficiently original to materially alter the direction of civilization. He was an advocate of economic freedom.Īccording to The Economist, Friedman "was the most influential economist of the second half of the 20th century.possibly of all of it".
In 1976, he was awarded the Nobel Prize in Economics for his achievements in the fields of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy. He made major contributions to the fields of economics and statistics. Mil Milton Friedman was an American Nobel Laureate economist and public intellectual. According to The Economist, Friedman "was the most influential economist of the second half of the 20th century.possibly of all of it".
Milton Friedman was an American Nobel Laureate economist and public intellectual.
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