2012 was the 100th anniversary of Milton Friedman's birth. His work and ideas continue to make the world a better place. As part of Milton Friedman's Century, a revival of the ideas featured in the landmark television series Free To Choose have been revisited in a 3-part broadcast.
On Greatness and Tall Economists
"All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman." - George J. Stigler
The last photo of three economists trio in clip shows George Stigler on the left, Milton Friedman in the middle, and John Kenneth Galbraith on the right.
Milton Friedman talks about the miracle of how a pencil got made, a miracle made possible not by central direction but through free markets and the price system. To learn more about The Price System, the full program, visit: izzit.org/products/detail.php?video=price_system.
■ Business / Family & Consumer Science
■ Invisible Hand
■ Supply and Demand