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Quote by Milton Friedman

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Milton Friedman
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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“Rifkin's assertions bear no relationship to what I have observed and practiced for 25 years ... Either I am blind or he is wrong - and I think I can show, by analyzing his slipshod scholarship and basic misunderstanding of science, that his world is an invention constructed to validate his own private hopes ... Rifkin shows no understanding of the norms and procedures of science: he displays little comprehension of what science is and how scientists work.”

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“I established the opposite view, that this history of the embryo (ontogeny) must be completed by a second, equally valuable, and closely connected branch of thought - the history of race (phylogeny). Both of these branches of evolutionary science, are, in my opinion, in the closest causal connection; this arises from the reciprocal action of the laws of heredity and adaptation... 'ontogenesis is a brief and rapid recapitulation of phylogenesis, determined by the physiological functions of heredity (generation) and adaptation (maintenance).”

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