Journal of Economic Literature Vol. 47 No. 1 2009
The Age of Milton Friedman
open access
Abstract
Between 1980 and 2005, as the world embraced free market policies, living standards rose sharply, while life expectancy, educational attainment, and democracy improved and absolute poverty declined. Is this a coincidence? A collection of essays edited by Balcerowicz and Fischer argues that indeed reliance on free market forces is key to economic growth. A book by Stiglitz and others disagrees. I review and compare the two arguments.
- DOI
- 10.1257/jel.47.1.123
- Volume
- 47
- Issue
- 1
- Pages
- 123-135
- Language
- en
- Sources
- openalex crossref