Steven Landsburg: The Essential Milton Friedman*****
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Yhteenvedot Reviews РезумеA book with thoughts of supersonic flying speed o AmazonKirja, jossa ajatukset liikkuvat yliääninopeudella Книга о мыслях сверхзвуковой скорости полета En bok med tankar på överljudsfart A book with thoughts of supersonic flying speedThis book was very sympathetic reading, to a great extent repetition of familiar ideas of Friedman, familiar to me as economist myself and with Friedman's thoughts from the early seventies, thus already for 50 years. But still, presented in this very fluent way, the text was like a fresh spring wind, freely hopping from one topic to another, all-time keeping the spirit of genuine Friedmanism, spirit of free choice. As an empirical economist and lecturer, I have already from the beginning gratefully used and applied in my econometric teaching and the macromodel of Finland his permanent income hypothesis along with other basic hypotheses. Although familiar with the main ideas and applications of the spirit of Friedman, this monograph offered also a wide collection of new for me details beyond them as well as about the extraordinary amount of influence of them to practical policies all over the world, Even the genesis of new constitutions of states and governments like those of emerging Eastern European states after the collapse of centrally governed economies and adopting the system of market economics. Also, the author Landsburg of this mini compendium deserves a vociferous applaud for his very fluent, but comprehensive treatment of the subject. No question about anything else but all five stars.
Kirja, jossa ajatukset liikkuvat yliääninopeudellaTämä kirja oli erittäin sympaattista luettavaa, pitkälti toistoa Friedmanin tuttuja ajatuksia, itselleni taloustieteilijänä ja Friemanin ajatukset tuttuja jo 1970-luvun alusta, siis jo 50 vuoden ajalta. Mutta silti tässä hyvin sujuvalla tavalla esitettynä teksti oli kuin raikas kevättuuli, joka hyppäsi vapaasti aiheesta toiseen, säilyttäen koko ajan aidon friedmanismin hengen, vapaan valinnan hengen. Empiirisenä taloustieteilijänä ja luennoitsijana olen jo alusta lähtien kiitollisesti käyttänyt ja soveltanut ekonometriana opetuksessani ja Suomen makromallissani hänen pysyväistulohypoteesiaan muiden perushypoteesien ohella. Vaikka tämä monografia keskittyy Friedman-henkisiin pääajatuksiin ja sovelluksiin, se tarjoaa minulle myös laajan kokoelman uusia yksityiskohtia niiden lisäksi sekä niiden poikkeuksellisen suuresta vaikutuksesta käytännön politiikkaan kaikkialla maailmassa, jopa valtioiden ja hallitusten uusiin perustuslakeihin, kuten nousevien Itä-Euroopan valtioiden perustuslait keskusjohtoisten talouksien romahtamisen ja markkinatalousjärjestelmän käyttöönoton jälkeen. Myös tämän minikokoelman kirjoittaja Landsburg ansaitsee äänekkäät suosionosoitukset erittäin sujuvasta, mutta kattavasta aiheen käsittelystään. Ei epäilystäkään mistään muusta kuin kaikki viisi tähteä.
Книга о мыслях сверхзвуковой скорости полетаЭта книга была очень сочувствующим чтением, в значительной степени повторением знакомых идей Фридмана, знакомых мне как экономисту и с мыслями Фридмана начала семидесятых, то есть уже 50 лет. Но все же, изложенный в такой беглой форме, текст походил на свежий весенний ветер, свободно перескакивающий от темы к другой, все время сохраняя дух подлинного фридманизма, дух свободного выбора. Как эмпирический экономист и преподаватель, я уже с самого начала с благодарностью использовал и применял в своем эконометрическом обучении и макромодели Финляндии его гипотезу постоянного дохода наряду с другими основными гипотезами. Несмотря на то, что эта монография знакома с основными идеями и приложениями духа Фридмана, эта монография также предложила широкий набор новых для меня деталей помимо них, а также об огромном их влиянии на практическую политику во всем мире. новые конституции государств и правительств, подобные конституциям стран Восточной Европы с формирующимся рынком, после краха экономик с централизованным управлением и принятия системы рыночных экономик. Также громких аплодисментов заслуживает автор этого миникомпендиума Ландсбург за его очень беглое, но исчерпывающее рассмотрение предмета. Нет вопроса о чем другом, кроме пяти звезд.
En bok med tankar på överljudsfartDenna bok var mycket sympatisk läsning, i hög grad en upprepning av välbekanta idéer från Friedman, bekant för mig själv som ekonom, familiar med Friemans tankar från tidigt sjuttiotal, alltså redan i 50 år. Men ändå, presenterad på detta mycket flytande sätt, var texten som en frisk vårvind, fritt hoppande från ämne till ett annat, hela tiden med en anda av äkta friedmanism, anda av fritt val. Som empirisk ekonom och föreläsare har jag redan från början tacksamt använt och tillämpat i min ekonometriska undervisning och Finlands makromodell hans permanenta inkomsthypotes tillsammans med andra grundläggande hypoteser. Även om den här monografin är bekant med huvudidéerna och tillämpningarna av Friedmans ande, erbjöd denna monografi också en bred samling av nya för mig detaljer utöver dem, såväl som om deras enastående inflytande på praktisk politik över hela världen, nya konstitutioner för stater och regeringar som de i framväxande östeuropeiska stater efter kollapsen av centralt styrda ekonomier och antagandet av systemet med marknadsekonomier. Även författaren Landsburg till detta minikompendium förtjänar en högljudd applåd för sin mycket flytande, men omfattande behandling av ämnet. Ingen fråga om något annat än alla fem stjärnor. | ||||||||||||||||||||||||||||||||||||
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Muistiinpanot Highlights Замецания1 (8)Academic tradition dictates that pathbreaking ideas are presented first in journal articles and only later in books. Friedman broke with this tradition when he introduced his permanent income hypothesis (along with 230 pages of supporting theory and evidence) in a book. That book, A Theory of the Consumption Function, was published by Princeton University Press in 1959. 2 (11) One way or another, the quantity of money demanded has to equal the quantity of money supplied. Prices must adjust until that equilibrium is reached. This leaves no room for anything else to affect the price level. 3 (13) This is the analysis that led to Milton Friedman’s famous declaration that “inflation is always and everywhere a monetary phenomenon.” 4 (25) Government hiring is not a recipe for increasing employment; it’s a recipe for increasing government employment at the expense of reducing private employment. Trying to legislate the natural rate of unemployment is like trying to legislate the force of gravity. The laws of nature are oblivious to the laws of men. 5 (33) The book’s central thesis is that economic freedom is a prerequisite for personal and political freedom. Here economic freedom refers to a system of free markets and private ownership that operates with limited interference from the government. Political and personal freedom encompasses free elections, minority representation, freedom of expression, and the option to choose an unorthodox lifestyle. If you want that kind of freedom, you must also have free markets. 6 (34) The reason capitalist societies have a chance of achieving political freedom is that in capitalist societies, economic power is dispersed. There’s always someone else to appeal to. 7 (35) When you buy a car in a capitalist country, you have no idea whether the wheels were attached by a Republican, a communist, a pagan, a Hindu, a lesbian, a polyamorist, or a person with skin that’s lighter or darker than yours. That makes it essentially impossible for customers to discriminate against any of those groups. 8 (41) By contrast, a selective service board—with no way to distinguish Jobs from a host of far less inspired and industrious tinkerers—could easily have made the monstrously costly mistake of drafting him. 9 (44) Friedman later wrote that this lesson illustrates the way economists exert influence: “I have long believed that we do not influence the course of events by persuading people that we are right when we make what they regard as radical proposals. Rather, we exert influence influence by keeping options available when something has to be done at a time of crisis.” 10 (46) Mart Laar, the first prime minister of the newly independent Estonia, explicitly named Free to Choose as his primary source for economic policy guidance. Following a series of reforms modeled on the Friedmans’ recommendations, Estonia spent several years as the fastest-growing economy in Europe. Today, according to the human freedom rankings in the Cato Institute–Fraser Institute–Friedrich Naumann Institute Human Freedom Index, Estonia is a freer country than the United States of America. | ||||||||||||||||||||||||||||||||||||
Sanasto Vocabulary Словарь1. nudge /nəj/ I. verb — [with obj.] 1 (15)
2. rife /rīf/ I. adjective — [predic.] 1 (33)
3. inimical /iˈnimək(ə)l/ I. adjective 1 (44)
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Kirjanmerkit Bookmarks Закладки
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