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However, please do not expect, or treat his writing, like he will win a nobel prize in economics. Well, here's a somewhat relevant quote from someone who did w
by ryanwaggoner 16y ago
However, please do not expect, or treat his writing, like he will win a nobel prize in economics.
Well, here's a somewhat relevant quote from someone who did win a Nobel Prize in economics:
"Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another." ~Milton Friedman
Sounds familiar, no? And while you might not be able to find someone who says that economics is a zero sum game, you can't throw a rock in any direction without hitting someone who is pushing an agenda or ideology that acts as if it is.
- rortian 16y agohttp://www.nybooks.com/articles/archives/2007/feb/15/who-was-milton-friedman/ http://www.nybooks.com/articles/archives/2007/feb/15/who-was... >Milton Friedman played three roles in the intellectual life of the twentieth century. There was Friedman the economist’s economist, who wrote technical, more or less apolitical analyses of consumer behavior and inflation. There was Friedman the policy entrepreneur, who spent decades campaigning on behalf of the policy known as monetarism—finally seeing the Federal Reserve and the Bank of England adopt his doctrine at the end of the 1970s, only to abandon it as unworkable a few years later. Finally, there was Friedman the ideologue, the great popularizer of free-market doctrine. I'd have to suggest that this statement came from the 3rd Friedman. There is sort of an irony here. Friedman saw monetary policy as a zero sum game. I think that was a fallacy.