The Age of Milton Friedman
Shleifer, Andrei. 2009. "The Age of Milton Friedman."
Journal of Economic Literature,
Between 1980 and 2005, as the world embraced free market policies, living standards
rose sharply, while life expectancy, educational attainment, and democracy
improved and absolute poverty declined. Is this a coincidence? A collection of essays
edited by Balcerowicz and Fischer argues that indeed reliance on free market forces
is key to economic growth. A book by Stiglitz and others disagrees. I review and compare
the two arguments.
Article Full-Text Access
Shleifer, Andrei (Harvard U)
O10: Economic Development: General
O40: Economic Growth and Aggregate Productivity: General
P16: Capitalist Systems: Political Economy