“Why have we had such a decline in moral climate? I submit to you that a major factor has been a change in the philosophy which has been dominant, a change from belief in individual responsibility to belief in social responsibility. If you adopt the view that a man is not responsible for his own behavior, that somehow society is responsible, why should he seek to make his behavior good?”
Quote by Milton Friedman
Work
Bright Promises, Dismal Performance: An Economist's Protest
In 'Bright Promises, Dismal Performance: An Economist's Protest,' the author critically examines the gap between the optimistic forecasts and the often disappointing results of economic policies and initiatives. The book delves into the complexities of economic decision-making, analyzing the factors that contribute to the divergence between expectations and reality. It provides a detailed critique of economic theories and practices, offering insights into the challenges faced by policymakers and the implications for the broader economy. more
Author
Milton Friedman
Milton Friedman was a renowned economist known for his contributions to the field of free-market economics. His research in monetary economics, consumer behavior, and tax policy has had a profound impact. more
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