The Borders of Economic Freedom, video here (from 33:00).
Some personal highlights:
Some personal highlights:
- "(Adam) Smith wanted institutional diversity and motivational variety not monolithic markets nor singular domination of the profit motive markets and capital was so seen as doing good work within that context for the required support from other institutions for the pursuit of the well-being and freedom of the people and second the markets needed restraint and correction from still other institutions for preventing inefficiency iniquity injustice and insecurity..."
- "economics would be a very uninteresting subject if it only dealt with with things that all go together the interesting question to raise when they do not..."
- "My complain about Milton Friedman (...) isn't that "free to choose" is unimportant but he doesn't discuss it... basically he translates it into a utility problem you ought to look at Hayek or Mill to understand what "free to choose" to really is and not to Milton Friedman"