Milton Friedman on Greed
Labels: MiltonFriedman
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Labels: MiltonFriedman
posted by John Lott at 9:59 PM
My commentary on a broad array of economics and crime related issues.
Dumbing Down the Courts: How Politics Keeps the Smartest Judges Off the Bench
Straight Shooting: Firearms, Economics and Public Policy
Are Predatory Commitments Credible? Who Should the Courts Believe?
-Research finding a drop in violent crime rates from Right-to-carry laws
-Ranking Economists
-Interview with the Washington Post
-Debate on "Guns Reduce Crime"
-Appalachian law school attack
-Sources for Defensive Gun Uses
-The Merced Pitchfork Killings
-Fraudulent website pretending to be run by me
-Steve Levitt's Correction Letter
-Ian Ayres and John Donohue
-Other issues regarding Steve Levitt
-National Academies of Science Panel on Firearms
-Baghdad murder rate
-Arming Pilots
-General discussion of my 1997 and 2002 surveys as well as related surveys
-Problems with Wikipedia
-Errata for Gun Books
-US Supreme Court Wire
-Futures for Financial Markets
-judgepedia
Economist and Law Professor David D. Friedman's Blog
Larry Elder's The Elder Statement
Economist Robert G. Hansen's Blog
Firearmstruth.com -- a media-watchdog website
A debate that I had with George Mason University's Robert Ehrlich on guns
Lyonette Louis-Jacques's page on Firearms Regulation Worldwide
An interview concerning More Guns, Less Crime: Understanding Crime and Gun Control Laws
The End of Myth: An Interview with Dr. John Lott
Art DeVany's website, one of the more innovative economists in the last few decades
St. Cloud State University Scholars
Bryan Caplan at George Mason University
Alphecca -- weekly review on the media's coverage of guns
Xrlq -- Some interesting coverage of the law.
Career Police Officer
Gun Law News
Georgia Right-to-Carry
Darnell's The Independent Conservative Blog
Robert Stacy McCain's Blog
Clayton Cramer's Blog
My hidden mathematical ability (a math professor with the same name)
geekwitha45
My Old AEI Web Page
Wrightwing's blog
Al Lowe's blog
St. Maximos' Hut
Dad29
Elizabeth Blackney's blog
Eric Rasmusen
Your "Economics" Portal to the World by Larry Low
William Sjostrom
Dr. T's EconLinks.com
Interview with National Review Online
Blog at Newsmax.com
Pieces I have written at BigGovernment.com
Updated Media Analysis of Appalachian Law School Attack
Journal of Legal Studies paper on spoiled ballots during the 2000 Presidential Election
Data set from USA Today, STATA 7.0 data set
"Do" File for some of the basic regressions from the paper
6 Comments:
Capitalism is good, greed is bad. No, they are not the same.
Henry Ford sought to build cars for "every man" rather than a rich elite.
Einstein sought to unravel the mysteries of space and time and spent most of his life at the edge of ragged poverty.
The Trumps, Bernankes, Paulsons and their ilk are not the epitome of civilization, they are the enemies of it. Esp. for 2nd Amendment believers. Who do you think funds the anti-gun coalition? It's not the farmers, factory workers, and small business owners.
And that's been my position my entire life.
Thanks for posting this, John.
For months I've been posting on blogs about defining "greed" because no such thing exists.
Everyone is free to earn however much money they can in a free market system.
One man's definition of greed is another's living wage; who gets to decide and why that person.
Greed is subjective and no one holds authority to make such a decision except the individual for the self only.
Phil was speechless.
Anecdote or antidote?
Greed is or should be a core value of conservatism (that is not capitalism). Want what you have rather than have what you want.
Sad to say, Friedman presented no argument about "greed." He chose not to define the word, and only offered counter-questions.
He missed a good opportunity.
Attempting to define greed is simply a way of moralizing another's choice(s).
Why go down that road.
If you uphold free markets and free choice, then why do it.
If a contract between entities is not at a cost to you personally, then why do you have authority to decide what is greed and what is not.
To uphold the Constitution we simply do not infringe on the liberty of contracts or freedoms of choice.
Moralizing is another attempt to take ownership in order to impose on others your subjective values from wherever your derivations come.
Nothing more than a liberal ideology to silence, limit, control or regulate choice of others.
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