Milton Friedman on ‘the Major Fault of the Collectivist Philosophy’0
- Economics
- March 28, 2017
Economist and University of Chicago professor Milton Friedman (1912 – 2006) spent more than 30 years teaching, and won the Nobel Prize in 1976 for his contributions in the field of economics. He was also one of the first intellectuals to see cracks forming in 20th-century collectivism. In his 1951 essay “Neo-Liberalism and its Prospects,”
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