Friedman
Neoliberalism Beyond the Heartlands
Much of the historical analysis of neoliberalism, both its ideological roots and its outcomes, has focused on U.S. and Europe, with figures such as...
Covid-19, TikTok, and Milton Friedman: ProMarket’s Top Stories of 2020
As 2020 draws to a close, we look back at ProMarket’s most-read and most-widely shared stories of the past year.
It should come as...
There Is a Direct Line from Milton Friedman to Donald Trump’s Assault on Democracy
Milton Friedman believed that corporations have a social responsibility to play within the rules of the game. But corporations aren’t just players of the...
Strength in Numbers: Using Data to Track Diversity and Inclusion
Recent protests against racism and police brutality, along with the #MeToo movement, have increased pressure on businesses to measure and improve their recruitment and...
Shareholder Value and Social Responsibility Are Not At Odds
Being socially responsible can, and frequently does, make good business sense. There are plenty of opportunities for companies to do well by doing good.
Editor’s...
Data-Driven Ideology: The Problem With Economists' Takeover of Policymaking
According to New York Times journalist Binyamin Appelbaum's recent book The Economists' Hour, economics is not the unbiased science that it pretends to be, but...
How Powerful Ideas Can Shape Society: Aaron Director and the Triumph of Nihilism
The rise of giants like Amazon and Facebook proves the long-lasting influence of Director's approach. His intellectual and political legacy is the transition of...
Standard Oil and Antitrust: the Effects of Aaron Director's Socratic Method
Aaron Director, who died 15 years ago, made important contributions to the analysis of business practices. None were ever published under his name. Professor...
Where Friedman Was Wrong
A new paper by Oliver Hart and Luigi Zingales argues that a company’s objective should be the maximization of shareholders’ welfare, not value.
In 1970,...
