"Keynes was a great economist. In every discipline,……" — Milton Friedman
"Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but all of which ultimately point to the right answer. Now Keynes, in The General Theory of Employment, Interest and Money,set forth a hypothesis which was a beautiful one, and it really altered the shape of economics. But it turned out that it was a wrong hypothesis. That doesn't mean that he wasn't a great man!"
—
Milton Friedman
★
★
★
★
★
0.0 avg (0 ratings)
195 Quotes by Milton Friedman
Milton Friedman has 195 quotes on this site.
A few more worth reading:
-
When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn't that exactly…
-
Legalizing drugs would simultaneously reduce the amount of crime and raise the quality of law enforcement. Can you conceive of…
-
My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving…
-
Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself…
-
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or…
-
Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force…
-
The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society…
-
The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people,…
-
Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use…
-
Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they…
-
The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of…
-
A society based on the freedom to choose is better than a society based on the principles of socialism, communism…
See all 195 quotes by Milton Friedman »
More All Quotes
This quote is filed under All Quotes,
one of 128,558 quotes in that category. Here are a few more:
-
Total loyalty is possible only when fidelity is emptied of all concrete content, from which changes of mind might naturally…
— Hannah Arendt
-
No cause is left but the most ancient of all, the one, in fact, that from the beginning of our…
— Hannah Arendt
-
The ultimate end of human acts is eudaimonia, happiness in the sense of living well, which all men desire; all…
— Hannah Arendt
-
The new always happens against the overwhelming odds of statistical laws and their probability, which for all practical, everyday purposes…
— Hannah Arendt
-
Where all are guilty, no one is; confessions of collective guilt are the best possible safeguard against the discovery of…
— Hannah Arendt
-
We have almost succeeded in leveling all human activities to the common denominator of securing the necessities of life and…
— Hannah Arendt
-
I keep my friends as misers do their treasure, because, of all the things granted us by wisdom, none is…
— Pietro Aretino
-
We must all make peace so that we can all live in peace.
— Jean-Bertrand Aristide
-
The spirit of Ubuntu, that once led Haiti to emerge as the first independent black nation in 1804, helped Venezuela,…
— Jean-Bertrand Aristide
-
As we all know, many people remain buried under tons of rubble and debris, waiting to be rescued. When we…
— Jean-Bertrand Aristide
-
Wise people, even though all laws were abolished, would still lead the same life.
— Aristophanes
-
A friend to all is a friend to none.
— Aristotle
See all 128,558 All Quotes »