Has anyone listened to Milton Friedman? Is he to economics, what Stephen Hawking is to Physics?

2016-03-12T23:21:41-05:00

https://www.youtube.com/watch?v=MQ0-cDKMS5M
https://www.youtube.com/watch?v=WTLwANVtnkA
https://www.youtube.com/watch?v=Biu7bJAfVNI
https://www.youtube.com/watch?v=V8d42BMRNQ0

And there are plenty of other videos which are easy to find.

Milton Friedman and Phil Donahue On Socialism v. Capitalism

This is arguably the best explanation of the value of free market capitalism EVER. Pretty much everything everyone does is driven by self-interest and this n...

Response by SFC William Farrell made Mar 12 at 2016 11:24 PM

2016-03-12T23:24:00-05:00

First time for everything SGM Private RallyPoint Member

Response by SGM Private RallyPoint Member made Mar 12 at 2016 11:30 PM

2016-03-12T23:30:19-05:00

Incidentally, Milton Friedman received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy.

The Economist described him as "the most influential economist of the second half of the 20th century ... possibly of all of it.

If you want to claim to have an open mind, you should at least listen to some of his videos. It just might expand your mind.

Response by LTC Stephen F. made Mar 12 at 2016 11:52 PM

2016-03-12T23:52:59-05:00

I have not listened to Milton Friedman SGM Private RallyPoint Member. As far as physics is concerned I think a better comparison would be to Albert Einstein whoa was much more amazing than Stephen Hawking except in the latter's imagination.

Response by SCPO Private RallyPoint Member made Mar 13 at 2016 3:36 PM

2016-03-13T15:36:53-04:00

Milton Friedman has been my "Oracle" for far more years than his Omaha counterpart has been the current Media darling. Milton is an economics GENIUS!!!

Response by PO1 Private RallyPoint Member made Mar 13 at 2016 7:49 PM

2016-03-13T19:49:00-04:00

Milton has been around for a long time. He's a very pro- free market capitalist to the make. I happen to be a fan.

Response by 1LT Aaron Barr made Mar 14 at 2016 9:24 AM

2016-03-14T09:24:38-04:00

He is not; Friedman is universally acknowledged as a massive influence amongst trained, professional economists and was probably about as known in his time amongst the general public as Hawking is today. However, despite his name recognition amongst both the general public and trained, professional physicists, those same trained physicists don't regard Hawking as highly.

Response by Capt Daniel Goodman made Apr 29 at 2018 5:56 PM

2018-04-29T17:56:31-04:00

I've studied considerable physics, as well as math, which many mistakenly equate, but which are in fact completely different subjects, taught about different topics, in different ways, for different reasons...in economics, o read a good deal of the microeconomic material of Friedman, however, I've also read Galbraith, John Maynard Keynes, and also Walter W Rostow, who should've in my view gotten a Nobel in economics, I don't believe he did so, for his classic The Stages of Economic Growth...to understand modern economic thought, both micro as well as macro needs considerable operations research, as well as signal processing and data science...I've read many of the papers of Hawking and his postdocs, however, I'm neither intimidated by them, nor overly impressed by them, despite his physically iconic appearance in the wheelchair, anymore than I am by the papers and texts of Einsteil, Weyl, Dirac, Bohr, HA Lorentz, whom everyone forgets now...I could na!e numerous others, in both fields, many of whose material I've looked through at various times, however, to make such comparisons is, to my mind, while I understand why you pose the question, rather pointless, the two fields are totally disparate, except where techniques in o e field, influence the other, or other serious scie CE fields, e.g., Sovial Darwinism borrowed from biology influencing economic thought, those are my impressions, such as they ate, I realize I might well be disagreed with, of course....