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hmmph. Well he lived a long and fruitful life. A very great economist (not an endorsment of any political positions)
I hope, whereever he is, he's enjoying a free lunch.
I hope, whereever he is, he's enjoying a free lunch.
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"A person cannot approach the divine by reaching beyond the human. To become human, is what this individual person, has been created for.” Martin Buber -
@Lord
blehComment
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At the time, Singapore and Hong Kong were about even. Hong Kong has benefitted from the rise of China (another conundrum for him). And Singapore and the U.S. are not comparable, given size and timeline for development.Originally posted by DanS
To be fair to Friedman, Hong Kong is about 20% better off than Singapore. The US is about 50% better off than Singapore.
Friedman created many valid theories, but in the end he became an ideologue who refused to adapt to changing information. What we now know is that free markets are highly efficient, provided there is an underlying infrastructure that controls abuse. Trying to force a free market onto a society without that infrastructure leads to chaos.
In other words, Friedman's theories sound great in the classroom, but have limited uses in the real world.Golfing since 67Comment
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Of course, I don't agree.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Well, the general assembly meeting of our student society passed a resolution expressing solidarity with all worker's struggles everywhere!
Then again, the crazy leftists actually woke up early enough and packed the session while the opponents showed the decadence of their capitalist ways through their poor organization. I personally didn't out of bed in time to vote against
"The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan RobinsonComment
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You can disagree with reality, but that don't make you right.Golfing since 67Comment
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Sorry to see him go. He did a lot of good work and came up with some great theories many of which have proven to be accurate. Of course he also made mistakes and as he aged he became more rigid and dogmatic but that's just part of being human. In balance he advanced things a great deal.Try http://wordforge.net/index.php for discussion and debate.Comment
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Originally posted by lord of the mark
I hope, whereever he is, he's enjoying a free lunch.
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Friedman
KH FOR OWNER!
ASHER FOR CEO!!
GUYNEMER FOR OT MOD!!!Comment
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As an intelectual I belive all thoughtfull research is noble and usefull regardless of the political usage of it.
RIP
Companions the creator seeks, not corpses, not herds and believers. Fellow creators, the creator seeks - those who write new values on new tablets. Companions the creator seeks, and fellow harvesters; for everything about him is ripe for the harvest. - Thus spoke Zarathustra, Fredrick NietzscheComment
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NPR made him out to be a radical nutter.Originally posted by cronos_qc
One things that I hate about his dead, will be the moronic hippy of my university, who will celebrate his death, since they have read in their no-brain leftist newspaper that Friedmann= teh devil.Captain of Team Apolyton - ISDG 2012
When I was younger I thought curfews were silly, but now as the daughter of a young woman, I appreciate them. - RahComment
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This man made great contributions to the wealth of society and the course of freedom.
R.I.P.Comment
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A great economist, although too much of an ideologue.
RIPDISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Because he was a nutter.Originally posted by OzzyKP
NPR made him out to be a radical nutter.Comment
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