The Age of Milton Friedman
Journal of Economic Literature
no. 1, March 2009
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.
"The Age of Milton Friedman."
Journal of Economic Literature,
Economic Development: General
Economic Growth and Aggregate Productivity: General
Capitalist Systems: Political Economy