The Age of Milton Friedman
- (pp. 123-35)
AbstractBetween 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.
CitationShleifer, Andrei. 2009. "The Age of Milton Friedman." Journal of Economic Literature, 47 (1): 123-35. DOI: 10.1257/jel.47.1.123
- O10 Economic Development: General
- O40 Economic Growth and Aggregate Productivity: General
- P16 Capitalist Systems: Political Economy