Milton Friedman’s 100th Birthday – Celebrate by Spending some Time with Milton

Here’s a great conversation with Milton Friedman hosted by Brian Lamb, and another with Russ Roberts from EconTalk.

Google and YouTube have a great collection of Milton Friedman video highlights.

No man was a greater influence on the thinking of Milton Friedman than Friedrich Hayek — and no man influenced by the ideas Friedrich Hayek . . . → Read More: Milton Friedman’s 100th Birthday – Celebrate by Spending some Time with Milton

Hayek & Wittgenstein — The Parallel Rejection of Formal Modeling as a Proxy for Capturing the Significance of Language or the Causal Mechanism of the Economic Process

Academics attempting to make sense of the significance of words & logical implication had a framework for doing so exactly parallel to that of economists attempting to make sense of the significance of prices & the implication of prices for distribution.

In fact, both modern programs in their mature form came out the the same . . . → Read More: Hayek & Wittgenstein — The Parallel Rejection of Formal Modeling as a Proxy for Capturing the Significance of Language or the Causal Mechanism of the Economic Process

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Random Quote

I think that permanence and stability are the cardinal virtues of the legal rules that make private innovation and public progress possible. To my mind there is no doubt that a legal regime that embraced private property and freedom of contract is the only one that in practice can offer that permanence and stability .. In reaching this conclusion, I have been heavily influenced by the work of Friedrich Hayek. — Richard Epstein

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