The Age of Milton Friedman

Andrei Shleifer

Journal of Economic Literature, 2009, vol. 47, issue 1, 123-35

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.

JEL-codes: O10 O40 P16 (search for similar items in EconPapers)
Date: 2009
Note: DOI: 10.1257/jel.47.1.123
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Citations: View citations in EconPapers (35)

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