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Milton Friedman on Markets - Dictionary of Arguments

Brocker I 409
Markets/Friedman: in the end, the market was always right, even if it showed a bad taste. For example, private sponsors, but not the state and taxpayers, should be concerned with preserving the cultural values of an upper class of education and subsidising art and music.
KeynesVsFriedman: Keynes doubted that markets always lead to meaningful social results. Keynes: it is not true that people have a normatively understood 'natural freedom' in their economic actions. […] The world is not planned in such a way that private and social interests always coincide...
Brocker I 410
...and it will not be governed in a way that they will get along. (1)

1. J.M. Keynes »The End of Laissez-Faire« (1926), in: ders., Collected Writings, Bd. 9, London/Basingstoke 1972, 272-294.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Econ Fried I
Milton Friedman
The role of monetary policy 1968

Brocker I
Manfred Brocker
Geschichte des politischen Denkens. Das 20. Jahrhundert Frankfurt/M. 2018

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Ed. Martin Schulz, access date 2021-06-15
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