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Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician and writer. Having taught at the University of Chicago for several decades, Friedman was instrumental in the development of the Chicago school of economics. He spent years challenging socialism and advocating for a free market economic system with limited government. In 1976 he was awarded the Nobel Memorial Prize in Economic Sciences in part for his work on monetarism.


Fun Fact: Friedman was awarded the National Medal of Science and the Presidential Medal of Freedom in 1988.

 

If you are interested in learning more about Friedman's ideas, apply to one of FEE's Summer Seminars!

 

 

The Free Lunch Myth

 

 

Friedman Predicts Bitcoin

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September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited out social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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