Difference between revisions of "The Embarrassment of Economics/Friedman"

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[[Category:Free To Choose]]
 
[[Category:Free To Choose]]
 
{{Quote
 
{{Quote
| text = In his book [[Free To Choose]], [[Milton Friedman]] analyzes the difficult question of the inequality of rewards that is an obvious feature of the distribution systems we find in capitalism, and he raises for consideration whether this unevenness is "fair." If fairness means equality, he concedes, the distribution system under capitalism would not be fair, but Friedman goes on to say that inequality is part of life. Some people are born with better looks than others, some with more native abilities, some with musical abilities. Admitting that it is easier to interfere with the distribution of property than of talent, he asks "From the ethical point of view is there any difference between the two?" There is such a difference——although perhaps it escapes Friedman's eye——namely, that whereas the distribution of talents is a matter beyond human intervention, the distribution of property is not Friedman is a brilliant man, but in his attempt to defend capitalism from the charge of unfairness he is not. He cannot see the differences because he is an ideologue.
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| text = In his book [[Free To Choose]], [[Milton Friedman]] analyzes the difficult question of the inequality of rewards that is an obvious feature of the distribution systems we find in capitalism, and he raises for consideration whether this unevenness is "fair." If fairness means equality, he concedes, the distribution system under capitalism would not be fair, but Friedman goes on to say that inequality is part of life. Some people are born with better looks than others, some with more native abilities, some with musical abilities. Admitting that it is easier to interfere with the distribution of property than of talent, he asks "From the ethical point of view is there any difference between the two?" There is such a difference——although perhaps it escapes Friedman's eye——namely, that whereas the distribution of talents is a matter beyond human intervention, the distribution of property is not. Friedman is a brilliant man, but in his attempt to defend capitalism from the charge of unfairness he is not. He cannot see the differences because he is an ideologue.
 
| cite = [[Robert Heilbroner]], "{{Link |The Embarrassment of Economics}}"
 
| cite = [[Robert Heilbroner]], "{{Link |The Embarrassment of Economics}}"
 
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Latest revision as of 13:43, 3 February 2021