Milton Friedman on Inequalities - Dictionary of Arguments
Brocker I 400
Inequality/Friedman: according to Friedman, inequality is largely caused by accidental and therefore transitory market constellations or by state-imposed restrictions on competition to protect certain actors(1). The central (...) point is Friedman's strict plea for competition as a form of organisation of societies, whereby citizens are called upon to accept in principle the results of market processes, not least with regard to the distribution of income and wealth. The society consists of individuals with different abilities, but their market successes and failures are also based on coincidental events. Because of their arbitrary character, attempts at governmental corrections are difficult to legitimize (2).
Brocker I 401
This was also emphasized by Hayek (1967), but goes back to Herbert Spencer (1884). Friedman pro Hayek, Friedman pro Spencer.
1. Cf. Milton Friedman, Capitalism and Freedom, Chicago 1962. German: Milton Friedman, Kapitalismus und Freiheit, München 2004.
2. Ibid p. 193-198.
3. Fr. A. von Hayek, »Grundsätze einer liberalen Gesellschaftsordnung« (1967), in: the same, Freiburger Studien, Tübingen 1969, 108-125.
4. Herbert Spencer, The Man versus the State, Indianapolis 2009 (zuerst 1884).
Peter Spahn, „Milton Friedman, Kapitalismus und Freiheit“, in: Manfred Brocker (Hg.) Geschichte des politischen Denkens. Das 20. Jahrhundert. Frankfurt/M. 2018_____________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
The role of monetary policy 1968
Geschichte des politischen Denkens. Das 20. Jahrhundert Frankfurt/M. 2018