WHY GOVERNMENT IS THE PROBLEM ESSAYS IN PUBLIC POLICY

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Why Government Is The Problem

Author : Milton Friedman
ISBN : 9780817954437
Genre : Political Science
File Size : 60.61 MB
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Friedman discusses a government system that is no longer controlled by "we, the people." Instead of Lincoln's government "of the people, by the people, and for the people," we now have a government "of the people, by the bureaucrats, for the bureaucrats," including the elected representatives who have become bureaucrats.
Category: Political Science

Money Mischief

Author : Milton Friedman
ISBN : 9780547542225
Genre : Business & Economics
File Size : 81.63 MB
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The Nobel Prize–winning economist explains how value is created, and how that affects everything from your paycheck to global markets. In this “lively, enlightening introduction to monetary history” (Kirkus Reviews), one of the leading figures of the Chicago school of economics that rejected the theories of John Maynard Keynes offers a journey through history to illustrate the importance of understanding monetary economics, and how monetary theory can ignite or deepen inflation. With anecdotes revealing the far-reaching consequences of seemingly minor events—for example, how two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan, and how FDR’s domestic politics helped communism triumph in China—as well as plain-English explanations of what the monetary system in the United States means for your personal finances and for everyone from the small business owner on Main Street to the banker on Wall Street, Money Mischief is an enlightening read from the author of Capitalism and Freedom and Free to Choose, who was called “the most influential economist of the second half of the twentieth century” by the Economist.
Category: Business & Economics

The Indispensable Milton Friedman

Author : Lanny Ebenstein
ISBN : 9781596988088
Genre : Business & Economics
File Size : 76.18 MB
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Collects essays from the economist, providing insights into topics that continue to drive the public debate from health care reform and drug legalization to school vouchers and the economics of John Maynard Keynes.
Category: Business & Economics

Public Policy For The 21st Century

Author : Neil Fraser
ISBN : 9781861342676
Genre : Business & Economics
File Size : 53.72 MB
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This book draws together a collection of lively and authoritative essays on the future of public policy by distinguished academics in the field. Compiled in memory of Henry Neuburger, a leading economic analyst and adviser, the essays together form an excellent introduction to key issues in contemporary policy making.
Category: Business & Economics

A Nation Of Takers

Author : Nicholas Eberstadt
ISBN : 9781599474366
Genre : Political Science
File Size : 56.74 MB
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In A Nation of Takers: America’s Entitlement Epidemic, one of our country’s foremost demographers, Nicholas Eberstadt, details the exponential growth in entitlement spending over the past fifty years. As he notes, in 1960, entitlement payments accounted for well under a third of the federal government’s total outlays. Today, entitlement spending accounts for a full two-thirds of the federal budget. Drawing on an impressive array of data and employing a range of easy- to- read, four color charts, Eberstadt shows the unchecked spiral of spending on a range of entitlements, everything from medicare to disability payments. But Eberstadt does not just chart the astonishing growth of entitlement spending, he also details the enormous economic and cultural costs of this epidemic. He powerfully argues that while this spending certainly drains our federal coffers, it also has a very real,long-lasting, negative impact on the character of our citizens. Also included in the book is a response from one of our leading political theorists, William Galston. In his incisive response, he questions Eberstadt’s conclusions about the corrosive effect of entitlements on character and offers his own analysis of the impact of American entitlement growth.
Category: Political Science

Essays In Positive Economics

Author : Milton Friedman
ISBN : 0226264033
Genre : Business & Economics
File Size : 35.9 MB
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This paper is concerned primarily with certain methodological problems that arise in constructing the "distinct positive science" that John Neville Keynes called for, in particular, the problem how to decide whether a suggested hypothesis or theory should be tentatively accepted as part of the "body of systematized knowledge concerning what is."
Category: Business & Economics

A Monetary History Of The United States 1867 1960

Author : Milton Friedman
ISBN : 140082933X
Genre : Business & Economics
File Size : 24.37 MB
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Writing in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement--monumental in its sheer bulk, monumental in the definitiveness of its treatment of innumerable issues, large and small . . . monumental, above all, in the theoretical and statistical effort and ingenuity that have been brought to bear on the solution of complex and subtle economic issues." Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, The Great Contraction--which Princeton published in 1965 as a separate paperback--they address the central economic event of the century, the Depression. According to Hugh Rockoff, writing in January 1965: "If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger." Milton Friedman won the Nobel Prize in Economics in 1976 for work related to A Monetary History as well as to his other Princeton University Press book, A Theory of the Consumption Function (1957).
Category: Business & Economics

Trickle Down Theory And Tax Cuts For The Rich

Author : Thomas Sowell
ISBN : 9780817916169
Genre : Political Science
File Size : 73.23 MB
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This essay unscrambles gross misconceptions that have made rational debates about tax policies virtually impossible for decades.
Category: Political Science

A Theory Of The Consumption Function

Author : Milton Friedman
ISBN : 9781786258915
Genre : Business & Economics
File Size : 74.38 MB
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What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? In this volume a distinguished American economist presents a new theory of the consumption function, tests it against extensive statistical J material and suggests some of its significant implications. Central to the new theory is its sharp distinction between two concepts of income, measured income, or that which is recorded for a particular period, and permanent income, a longer-period concept in terms of which consumers decide how much to spend and how much to save. Milton Friedman suggests that the total amount spent on consumption is on the average the same fraction of permanent income, regardless of the size of permanent income. The magnitude of the fraction depends on variables such as interest rate, degree of uncertainty relating to occupation, ratio of wealth to income, family size, and so on. The hypothesis is shown to be consistent with budget studies and time series data, and some of its far-reaching implications are explored in the final chapter. "...the most influential economist of the second half of the 20th century...possibly of all of it.”—The Economist "Friedman argued that the best way to make sense of saving and spending was not, as Keynes had done, to resort to loose psychological theorizing, but rather to think of individuals as making rational plans about how to spend their wealth over their lifetimes...The details are a bit technical, but Friedman’s ‘permanent income hypothesis’ and the Ando-Modigliani ‘life cycle model’ resolved several apparent paradoxes about the relationship between income and spending, and remain the foundations of how economists think about spending and saving to this day."—Paul Krugman, New York Times
Category: Business & Economics