prominent Economists
The Power of Choice: The Life and Ideas of Milton Friedman - Full Video
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Milton Friedman Speaks - Myths That Conceal Reality
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•Jul 31, 2012
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Five myths cloud our perception of both the past and the present. (1) The "robber baron" myth, which holds that in late nineteenth-century America there were powerful men who became rich at the expense of the poor.
The reality is that they became wealthy by being productive, and that there is no other period in history which saw such a rapid and widespread improvement in the well-being of the average individual;
(2) The myth that the Great Depression was caused by a failure of business, when it was, in fact, produced by a failure of government and specifically by the Federal Reserve System;
(3) The myth that government in the economy has expanded in response to public demand, when, actually, the public has had to be sold "hard" for politicians to enact every major social program;
(4) The "free lunch" myth, which forces the individual to pay more, no matter how the government raises money - by taxing individuals, by taxing businesses, or by printing more money; and
(5) The myth that government, like Robin Hood, transfers wealth from the rich to the poor, when the reality is that the government usually transfers wealth and income from both the very rich and the very poor to those in the middle.
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Teacher, scientist, author, intellectual, and winner of the 1976 Nobel Prize in Economics, Milton Friedman was one of the 20th century's greatest proponents of free markets and individual liberty.
The Power of Choice tells the story of his life.
Overcoming almost universal opposition to his unconventional views, Friedman persevered, until eventually, many of his ideas came to be widely accepted.
He lived to see those ideas transform economic theory and practice, inspiring changes that have improved the lives of millions of people worldwide.
Through interviews with leading economists and policymakers such as Alan Greenspan and Estonia's Prime Minister, Mart Laar, The Power of Choice explores Friedman's tremendous influence on policy - and daily life - in Estonia, Chile, and the United States.
This 90-minute documentary, which premiered on public television January 2007, includes a bonus interview with Milton Friedman and Bob Chitester, creator of the Free To Choose television series.
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Alan Greenspan KBE (/ˈælən ˈɡriːnspæn/; born March 6, 1926) is an American economist who served as Chair of the Federal Reserve of the United States from 1987 to 2006.
He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position (behind William McChesney Martin).[1]
https://en.wikipedia.org/wiki/Alan_Greenspan
https://upload.wikimedia.org/wikipedia/commons/thumb/e/e9/Alan_Greenspan_color_photo_portrait.jpg/800px-Alan_Greenspan_color_photo_portrait.jpg
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Hla Myint (Burmese: လွျမင့္ [l̥a̰ mjɪ̰ɴ]; 1920 – 9 March 2017) was a Burmese economist noted as one of the pioneers of development economics as well as
Hla Myint
Economist
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Description
Hla Myint was a Burmese economist noted as one of the pioneers of development economics as well as for his contributions to welfare economics. He stressed, long before it became popular, the importance of export-orientation as the most useful "engine of growth". Wikipedia
Born: 1920, Ayeyarwady
Died: March 9, 2017, Bangkok, Thailand
Known for: Development economics
Books: The economics of the developing countries, MORE
Education: ရန္ကုန္တကၠသိုလ္, London School of Economics and Political Science
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