Free Essays on Milton Friedman

Milton Friedman was born in New York City in 1912. His parents were poor immigrants, which means he did not have a family history of wealth or knowledge of economics. Friedman’s father died when Friedman was only fifteen years old. Friedman received a Bachelor of Arts degree from Rutgers University in 1932, a masters from the University of Chicago in 1933 (Friedmans). He also received a Ph.D. in 1946 from Columbia University. He taught at this same university from 1946 to 1976. He was also a member of the research staff of the National Bureau of Economic Research from 1937 to 1981. Friedman received the Nobel Memorial Prize for economic science in 1976 and has been a senior researcher at the Hoover Institution since 1977. He was awarded both the Presidential Medal of Freedom and the National Medal of Science in 1988. He was an informal economic advisor to President Nixon and a member of President Ronald Reagan’s Economic Policy Advisory Board (Milton Friedman). Friedman believes America could be much better off if we were to legalize drugs. He thinks we would have half the amount of prisons and prisoners, and that there would be about 10,000 fewer homicides a year. He states that the same kind of the things that went on with alcohol under prohibition are the same kinds of things that go on today with drugs, things like overdosing and poisoning from mixing different substances. He believes since drugs are illegal, it drives people to do harder drugs like crack, cocaine, or heroin, instead of marijuana. Since marijuana is more bulky and heavy, it is easier to intercept. Crack, cocaine, and heroin are not as heavy and bulky and make it easier to transport without being caught. Friedman believes that if drugs were to be legalized, crack addicted mothers that do not have prenatal treatment, would go to prenatal care were because they would not be afraid of incriminating themselves. He thinks this will reduce the amount ... Free Essays on Milton Friedman Free Essays on Milton Friedman Milton Friedman was born in New York City in 1912. His parents were poor immigrants, which means he did not have a family history of wealth or knowledge of economics. Friedman’s father died when Friedman was only fifteen years old. Friedman received a Bachelor of Arts degree from Rutgers University in 1932, a masters from the University of Chicago in 1933 (Friedmans). He also received a Ph.D. in 1946 from Columbia University. He taught at this same university from 1946 to 1976. He was also a member of the research staff of the National Bureau of Economic Research from 1937 to 1981. Friedman received the Nobel Memorial Prize for economic science in 1976 and has been a senior researcher at the Hoover Institution since 1977. He was awarded both the Presidential Medal of Freedom and the National Medal of Science in 1988. He was an informal economic advisor to President Nixon and a member of President Ronald Reagan’s Economic Policy Advisory Board (Milton Friedman). Friedman believes America could be much better off if we were to legalize drugs. He thinks we would have half the amount of prisons and prisoners, and that there would be about 10,000 fewer homicides a year. He states that the same kind of the things that went on with alcohol under prohibition are the same kinds of things that go on today with drugs, things like overdosing and poisoning from mixing different substances. He believes since drugs are illegal, it drives people to do harder drugs like crack, cocaine, or heroin, instead of marijuana. Since marijuana is more bulky and heavy, it is easier to intercept. Crack, cocaine, and heroin are not as heavy and bulky and make it easier to transport without being caught. Friedman believes that if drugs were to be legalized, crack addicted mothers that do not have prenatal treatment, would go to prenatal care were because they would not be afraid of incriminating themselves. He thinks this will reduce the amount ... Free Essays on Milton Friedman Milton Friedman’s Economic Thoughts One of the most distinguished and influential economist today is Milton Friedman. He was born in Brooklyn, New York, on July 31, 1912. After attending public elementary and secondary schools he graduated from Rahway High School in 1928. Shortly after he received a scholarship to Rutgers University, which is where he received a Bachelor of Arts degree in 1932 (â€Å"Autobiography ...†). Then Friedman received his PhD from Columbia right before becoming a professor of ecomonics at Chicago in 1946. Through all this he has written a numerous amount of books that express his economic views and has outstanding accomplishments to look back on. One of his most profound accomplishments was receiving a Nobel Prize in economics in 1776 (â€Å"Autobiography ...†). In 1962 the book Capitalism and Freedom was published, his wife, Rose reworked a series of lectures he gave at seminars throughout the 1950’s to make up this book. The publishing of this book was an extension of his liberal economic views. It shows a government that allows individual rights while maintaining order, and that the only way this can be accomplished is through capitalism and a free market economy (Capitalism and Freedom). Friedman writes that the major function of the government is to protect the people and their freedom from enemies and that he strongly believes in a limited government. With this he agreed with the seperation of powers among the three different branches and that yes we needed a government but there where many things the government had business doing (Capitalism and Freedom). A hands-off approach to government interference in the private market shows that he is a traditional laissez-faire liberalism. His belief in a limited government is supported by his desires to restrict the government from the lives’ of individuals, and are the concept of early liberalism found in the late eightee...