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Free to Choose - vol 01, 1980



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America's freedom and prosperity derive from the combination of the idea of human liberty in America's Declaration of Independence with the idea of economic freedom in Adam Smith's Wealth of Nations. Friedman explains how markets and voluntary exchange organize activity and enable people to improve their lives. He also explains the price system. Friedman visits Hong Kong, U.S. and Scotland.


Tags for this video: capitalism choice cooperation economics exchange freedom friedman market milton pencil price system voluntary

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You keep on proving ... ( 1 month ago by Shorackoff)
You keep on proving you don't know what you're talking about. Friedman's ideas were based on economic models, supported by empiric evidence. He didn't talk or write about superior beings, he wrote on models, empirically substantiated facts or reasonings departing from that or the idea that people pursue their own interests.
Henry Kissinger ... ( 1 month ago by documentaryunit)
Henry Kissinger also won the Nobel Prize as well as orchestrating the anti-democratic military coup in Chile in 1973. Maybe there is a relationship there. Kissinger has also been debunked as a 'pacifist'. He was a war monger through and through. There are too many like him in America. Vietnam used to be the classic example. Now it's Iraq.
An eye-opening ... ( 1 month ago by ozmanbro)
An eye-opening video, thanks for sharing.
That's not how the ... ( 4 weeks ago by Cppx9)
That's not how the letter-signers see it. "It is a right-wing think tank being put in place," Chicago history professor Bruce Lincoln told the Tribune.
But it's Mr. ... ( 4 weeks ago by Cppx9)
But it's Mr. Friedman's hard-headed approach to economics, rather than his ideology, that the center will advocate, Chicago economist Gary Becker said in an interview with the Journal last month.
Mr. Friedman, who ... ( 4 weeks ago by Cppx9)
Mr. Friedman, who worked at Chicago from 1946 until retiring in 1977, was best known for his work on monetary theory and his fierce advocacy of small government and free markets. Even many economists don't agree with his ideas, which helped laid the groundwork for many of the economic policies of Ronald Reagan and Margaret Thatcher.
"The Chicago ... ( 4 weeks ago by Cppx9)
"The Chicago Tribune reports today that over 100 professors have signed a letter to University president Robert Zimmer objecting to the establishment of the new center. "[W]e are all disturbed by the ideological and disciplinary preference implied by the University's massive support for the economic and political doctrines that have extended from Friedman's work," the professors write.
June 18, 2008,Wall ... ( 4 weeks ago by Cppx9)
June 18, 2008,Wall Street Journal
Milton Friedman Center Runs Into Faculty Protest
Last month, the University of Chicago announced that it was establishing an economics center honoring the late economist Milton Friedman. Not everyone on the faculty is pleased.
Beautiful! ( 3 weeks ago by karlharleman)
Beautiful!
This is poetry. ... ( 3 weeks ago by dannidandannikins)
This is poetry. Compelling, beautiful and profound. If I ever have a son, his name shall be Milton.
Beautiful. Simply, ... ( 2 weeks ago by MissThreeC)
Beautiful. Simply, beautiful.
Just remember. ... ( 2 weeks ago by Firestata84)
Just remember. Economics is NOT facts but opinions formed around strong & charismatic people. There is no "science" involved here
Really interesting, ... ( 1 week ago by runinamok93)
Really interesting, and a good argument
This is poetry? ... ( 1 week ago by 19zxcvbnm19)
This is poetry? Buddy, it sounds like you better just grow up NOW,asap, and stop whining for the children you don't have. CHOOSE quickly between what matters to you more: the poetic life or family life. And spare everyone the pitifully drama. Milton this, Milton that....
I choose the poetic ... ( 1 week ago by dannidandannikins)
I choose the poetic life. I'd also, if it were down to me, choose a world in which people didn't randomly capitalise parts of their sentence; or a world in which people could see for themselves what is wrong with this sentence:
'And spare everyone the pitifully drama.'
Clues:
1 starting with 'And', which is a onjunction.
2 'pitifully' is an adverb, not an adjective. You should have used 'pitiful'.
Dickhead
If I'm not mistaken ... ( 1 week ago by tuxguys)
If I'm not mistaken, isn't this a highly-accessible explication of the "unseen hand" theory of free markets espoused by either Hayek or Von Mises? What a lecturer he must have been.
(I hope somebody posts Friedman's appearance on BOOKNOTES where he referes to J. K. Galbraith as a socialist, and manages to be non-perjorative, merely matter-of-fact, when he does it...)
this is so ... ( 1 week ago by granvillain)
this is so disturbing
You're disturbing. ... ( 6 days ago by meanjean29)
You're disturbing. Even more disturbing is the educational system that leads you to think this is "disturbing." Optimistically, I hope by "disturbing" you mean this rattles your heavily indoctrinated understanding of economics. In that case, job well done by this posting!
Milton Friedman was ... ( 5 days ago by TimeWarp66)
Milton Friedman was a national treasure.
Friedman thinks in ... ( 2 days ago by Dodec84)
Friedman thinks in black and white. It is the 'magical price system' OR communism in his most extreme form.
Do you have to take ... ( 2 days ago by TimeWarp66)
Do you have to take classes to be this stupid?
Here, you too. ... ( 2 days ago by Dodec84)
Here, you too. someone agrees with you or else he is stupid.
Free to Choose was ... ( 1 day ago by stealthswimmer)
Free to Choose was a really great series, and this part is especially of great importance. =)
What would he say ... ( 1 day ago by amirshah1212)
What would he say if he were holding a diamond in his hand?



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