Thursday, February 26, 2009
Paul Samuelson Vs. Milton Friedman - Forbes.com
I've always sided with Milton Friedman.
There are those that do not. Some are highly regarded.
After you read this article, you can decide for yourself...
There are those that do not. Some are highly regarded.
After you read this article, you can decide for yourself...
At Forbes.com, Peter Robinson looks at opposing views:
"But Samuelson and Friedman represent two of the most influential economists in the history of the discipline. Samuelson won the Nobel Prize in Economics in 1970; Friedman in 1976. Samuelson achieved wide influence through Economics, still a popular textbook decades after he introduced it; Friedman through books such as Capitalism and Freedom, his column for Newsweek and his PBS television series, Free to Choose.
If events have indeed refuted Friedman--if Samuelson is right to say 'I told you so'--then we must promptly put out of our minds much that we thought we learned over the last half century about the importance of limited government and individual liberty.
Comment On This Story
Since Friedman is no longer here to present his side of the argument, perhaps a layman might be forgiven for asking Samuelson a few questions, hoping to persuade the great man to clarify a couple of points."
