Friedmans Family Law (Friedmans Practice)

Friedman argued for stronger basic legal constitutional protection of economic rights and freedoms to further promote industrial-commercial growth and prosperity and buttress democracy and freedom and the rule of law generally in society. Nash , a leading historian of American conservatism, says that by, "the end of the s he was probably the most highly regarded and influential conservative scholar in the country, and one of the few with an international reputation.

His wife Rose, sister of Aaron Director , with whom he initiated the Friedman Foundation for Educational Choice , served on the international selection committee. In Stephen Moore, a member of the editorial forward of The Wall Street Journal said, "Quoting the most-revered champion of free-market economics since Adam Smith has become a little like quoting the Bible. Friedman won the Nobel Memorial Prize in Economic Sciences , the sole recipient for , "for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy.

Friedman once said, "If you want to see capitalism in action, go to Hong Kong. In a debate between Tsang and his rival, Alan Leong , before the Chief Executive election , Leong introduced the topic and jokingly accused Tsang of angering Friedman to death. During , two years after the military coup that brought military dictator President Augusto Pinochet to power and ended the government of Salvador Allende , the economy of Chile experienced a severe crisis.

Friedman and Arnold Harberger accepted an invitation of a private Chilean foundation to visit Chile and speak on principles of economic freedom. One of the lectures was entitled "The Fragility of Freedom" and according to Friedman, "dealt with precisely the threat to freedom from a centralized military government. In an April 21, , letter to Pinochet, Friedman considered the "key economic problems of Chile are clearly It would involve so painful an operation over so long a period that the patient would not survive. In the letter Friedman recommended to deliver the shock approach with " He listed a "sample proposal" of 8 monetary and fiscal measures including "the removal of as many as obstacles as possible that now hinder the private market.

He closed, stating "Such a shock program could end inflation in months". His letter suggested that cutting spending to reduce the fiscal deficit would result in less transitional unemployment than raising taxes. During his six-year tenure, foreign investment increased, restrictions were placed on striking and labor unions, and GDP rose yearly.

Many other Chicago School alumni were appointed government posts during and after the Pinochet years; others taught its economic doctrine at Chilean universities. They became known as the Chicago Boys. Friedman did not criticize Pinochet's dictatorship at the time, nor the assassinations, illegal imprisonments, torture, or other atrocities that were well known by then. Friedman defended his activity in Chile on the grounds that, in his opinion, the adoption of free market policies not only improved the economic situation of Chile but also contributed to the amelioration of Pinochet's rule and to the eventual transition to a democratic government during That idea is included in Capitalism and Freedom , in which he declared that economic freedom is not only desirable in itself but is also a necessary condition for political freedom.

In his documentary Free to Choose , he said the following: But the people there are freer than the people in Communist societies because government plays a smaller role. The conditions of the people in the past few years has been getting better and not worse. They would be still better to get rid of the junta and to be able to have a free democratic system. It was a terrible political regime. The real miracle of Chile is not how well it has done economically; the real miracle of Chile is that a military junta was willing to go against its principles and support a free market regime designed by principled believers in a free market.

Now, at long last, Chile has all three things: Chile will continue to be an interesting experiment to watch to see whether it can keep all three or whether, now that it has political freedom, that political freedom will tend to be used to destroy or reduce economic freedom. During the PBS documentary The Commanding Heights based on the book , Friedman continued to argue that "free markets would undermine [Pinochet's] political centralization and political control.

Friedman advocated for free markets which undermined "political centralization and political control". Friedman visited Iceland during the autumn of , met with important Icelanders and gave a lecture at the University of Iceland on the "tyranny of the status quo. What mattered was whether attendees or non-attendees covered those costs. Friedman thought that it was fairer that only those who attended paid. In this discussion Friedman also stated that he did not receive any money for delivering that lecture.

Although Friedman never visited Estonia , his book Free to Choose exercised a great influence on that nation's then year-old prime minister, Mart Laar , who has claimed that it was the only book on economics he had read before taking office. Laar's reforms are often credited with responsibility for transforming Estonia from an impoverished Soviet Republic to the " Baltic Tiger.

After Friedman was frequently invited to lecture in Britain, and by the s his ideas had gained widespread attention in conservative circles.

Davis|Friedman - Family Law Chicago Illinois

He also strongly influenced Keith Joseph , who became Thatcher's senior advisor on economic affairs, as well as Alan Walters and Patrick Minford, two other key advisers. Friedman's ideas strongly influenced Thatcher and her allies when she became Prime Minister in After his death a number of obituaries and articles were written in Friedman's honor, citing him as one of the most important and influential economists of the post war era.

Although Keynesian Nobel laureate Paul Krugman praised Friedman as a "great economist and a great man" after Friedman's death in , and acknowledged his many, widely accepted contributions to empirical economics, Krugman had been, and remains, a prominent critic of Friedman. Krugman has written that "he slipped all too easily into claiming both that markets always work and that only markets work. It's extremely hard to find cases in which Friedman acknowledged the possibility that markets could go wrong, or that government intervention could serve a useful purpose.

Macpherson disagreed with Friedman's historical assessment of economic freedom leading to political freedom, suggesting that political freedom actually gave way to economic freedom for property owning elites. He also challenged the notion that markets efficiently allocated resources and rejected Friedman's definition of liberty. In her book The Shock Doctrine , author and social activist Naomi Klein criticized Friedman's economic liberalism, identifying it with the principles that guided the economic restructuring that followed the military coups in countries such as Chile and Argentina.

Based on their assessments of the extent to which what she describes as neoliberal policies contributed to income disparities and inequality, both Klein and Noam Chomsky have suggested that the primary role of what they describe as neoliberalism was as an ideological cover for capital accumulation by multinational corporations. Because of his involvement with the Pinochet government, there were international protests when Friedman was awarded the Nobel Prize in Friedman answered that he never was an adviser to the dictatorship, but only gave some lectures and seminars on inflation, and met with officials, including Augusto Pinochet , while in Chile.

Chilean economist Orlando Letelier asserted that Pinochet's dictatorship resorted to oppression because of popular opposition to Chicago School policies in Chile. Friedman credited these reforms with high levels of economic growth and with the establishment of democracy that has subsequently occurred in Chile. And if not, why not? December , which is a revised and shortened version of Hendry—Ericsson From Wikipedia, the free encyclopedia.

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The Authorized Biography, Volume One: Archived from the original on April 12, Retrieved February 20, Archived from the original on September 8, Retrieved September 19, Archived May 29, , at the Wayback Machine.. Retrieved on September 6, The Making of Modern Economics: The Lives and Ideas of the Great Thinkers. Archived from the original on October 11, Retrieved October 24, Archived from the original on September 21, Retrieved September 14, Archived from the original on August 2, Retrieved August 2, The Wall Street Journal. Archived from the original on July 2, Retrieved August 22, Naomi Klein's disastrous yet popular polemic against the great free market economist" Archived April 11, , at the Wayback Machine..

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I'm not sure I would as of today push it as hard as I once did.

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