To celebrate the 40th Anniversary of Free To Choose, we are sharing some of Milton Friedman’s most compelling talks. In this original recording from 1978, the question asked is, “Is capitalism humane?” According to Milton Friedman, the question is irrelevant. Capitalism per se is not humane or inhumane; nor is socialism. If we compare the two in terms of results, it is clear that only capitalism fosters equality and works toward social justice. The one is based on the principle of voluntary cooperation and free exchange, the other on force of position and power. In a free economy, it is …
Critics of the free market system often point out that it is an unfair system due to it leaving some with wealth at the expense of oppressing others. What those critics often ignore is that exchanges in this economic structure are voluntary. Each side comes out of the interaction with their desired result. Since the seller is amassing wealth by helping others get the goods and services they need, isn’t that more moral than proposed socialist solutions? When it comes to the relationship between morals and economics, Dr. Walter Williams has this to say, “Unless you believe that there’s a …
Join us for Part Two of the conversation between noted economist Friedrich Hayek and the founder of Free To Choose Network, Bob Chitester as they continue to discuss American thought and culture, and the ramifications of constant change in American economic and social policies. Listen to how the themes are still relevant today, despite being recorded in over 40 years ago. Originally Recorded: 1978
Does the United States shift its economic policy too quickly? Not allowing enough time for these policies to take hold may be leading to some unintended consequences. Join noted economist Friedrich Hayek and the founder of Free To Choose Network, Bob Chitester as they discuss just that, along with other topics. Originally Recorded: 1978
Today’s podcast is a conversation with William R. Allen, a former Professor of Economics at UCLA, and former host of The Midnight Economist radio series. Allen, intent on improving the quality of economic education, believes journalists, politicians, and most teachers don’t understand or choose to ignore the lessons of economics. He is also troubled by the well-intentioned efforts of businesses to promote free enterprise. Originally Recorded: 1987
That’s the latest conspiracy theory, and it’s… Dead Wrong®.
Listen to the conclusion of this conversation between two of the most influential economists over the last half-century, Friedrich Hayek and James Buchanan. Centered around the American Constitution, some of these views remain as controversial now as they did when it was originally recorded, over forty years ago. Originally Recorded: 1978
Two of the greatest economic minds over the past 50 years, Friedrich Hayek and James Buchanan, sound off in Part 1 of this 1978 recording covering the American Constitution, the role of government, and several other topics. Hear their unique perspectives that still resonate within our society over 40 years later. Originally Recorded: 1978