Name: why government is the problem
SKU: 1546089
Price: 7.80 EUR
Availability: InStock
Author: Milton Friedman
ISBN: 9780817954420

Type

Physical Book

Author

Milton Friedman

Publisher

Hoover Institution Press

Language

English

Pages

Format

Paperback

Dimensions

22.9x14.5x1.8 cm

Weight

0.05 kg.

ISBN

0817954422

ISBN13

9780817954420

Synopsis "why government is the problem"

"The major social problems of the United States--deteriorating education, lawlessness and crime, homelessness, the collapse of family values, the crisis in medical care--have been produced by well-intended actions of government. That is easy to document. The difficult task is understanding why government is the problem. The power of special interests arising from the concentrated benefits of most government actions and their dispersed costs is only part of the answer. A more fundamental part is the difference between the self-interest of individuals when they are engaged in the private sector and the self-interest of the same individuals when they are engaged in the government sector. The result is 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. At the moment, term limits appear to be the reform that promises to be most effective in curbing Leviathan."

Milton Friedman

(Author)

View Author's Page

Milton Friedman (1912-2006) was one of the most relevant contemporary economists in the development of modern liberal economic thought. His figure has been the subject of numerous studies aimed at understanding his impact on the current functioning of the global economy.

Friedman was the youngest child of a humble Jewish family from Brooklyn of Central European descent. He had to pay for his own Economics studies at Rutgers University after his father died when he was just 15 years old.

Once graduated, he moved to Chicago to work as a researcher at the University of Chicago, which would later become the beginning of an internationally significant economic school.

At 29, he was put in charge of fiscal policy at the Treasury Department with the entry of the United States into World War II. As a result, in 1953 he obtained a scholarship to study in the United Kingdom, at the University of Cambridge, where he had the opportunity to delve into the latent debate on the ideas of John Maynard Keynes.

Since then, he worked as an economist for various institutions and federal agencies, founding organizations such as the Mont Pèlerin Society alongside Friedrich Hayek, and was a professor at prestigious American universities such as Columbia or Stanford until he retired in 1977.

Throughout his career, he was politically involved in the Republican Party, becoming an economic advisor to Presidents Nixon, Reagan, George W. Bush, and Margaret Thatcher in the United Kingdom.

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