• 00:00    |    
    Initial credits
  • 00:06    |    
    Introduction by Fritz Thomas
  • 00:46    |    
    Video: Manuel F. Ayau on Milton Friedman
    • Friendship with Milton Friedman
    • Political anecdote with Rose and Milton Friedman
  • 04:12    |    
    Questions addressed to Milton Friedman
    • What is the free lunch myth?
      • Quotes Frédéric Bastiat
      • Business taxation at no cost
      • Money creation at no cost
    • Why should government spend money? Is it desirable for government to spend any of our money?
    • What are your thoughts on the appropriate size of government?
    • How free are the poor, the unemployed, and the disadvantaged? In that regard, what is the role of government?
    • How much government intervention do you think is necessary to prevent the rise of monopoly and oligopoly under the free enterprise system, or would it taken care of itself?
    • Choosing one law to reduce the extent of monopoly
    • Do you think free trade works in theory but not in practice? Would you care to elaborate?
    • What are your thoughts on the issues of environmentalism and sustainable resources?
    • In regards to morality and economic policy, do you think it is unwise to be charitable?
    • Is inequality, within a society, a problem?
    • Wouldn't some people prefer to live in a more equal society?
    • Would you like to add something else?
  • 17:19    |    
    Happy Birthday song by Stephanie Zelaya
  • 18:46    |    
    Gift to Milton Friedman
  • 18:58    |    
    Jerry L. Jordan
    • Milton Friedman's contributions to the world of ideas
    • Rose Friedman
    • magazine: elaboration process of columns
    • Milton Friedman's collaboration with Anna J. Schwartz
    • Quotes n , Milton Friedman and Anna J. Schwartz
    • Milton Friedman's influence on students
  • 29:10    |    
    William Ruger
    • Milton Friedman's biography and intellectual contributions
    • General appreciation of Milton Friedman's influence
    • Spokesman for freedom and free market
    • Radical ideas
    • Political theory
    • Legacy
  • 39:43    |    
    George Selgin
    • Personal interest in economics
    • Milton Friedman's great rhetoric
    • Shanghai visit anecdote
    • Debating abilities
  • 49:58    |    
    Milton Friedman's monetary rule
  • 50:59    |    
    How do Milton Friedman's ideas stand up to what is currently taking place, particularly to the 2008-2009 financial crisis?
    • Milton Friedman's changing economic ideals
    • View of the financial crisis management
    • Heisenberg's principle applied to the economy
    • Neutrality as a monetary policy
    • Quotes n , Milton Friedman
  • 01:01:19    |    
    How important was the Chicago School of Economics for Milton Friedman's ideas, and how important were his ideas for the Chicago School of Economics?
    • Defining the Chicago School of Economics
    • The Chicago Boys
    • Milton Friedman's economic education
  • 01:07:36    |    
    Do you have any thoughts regarding Ludwig von Mises' approach to economics in terms of deductive reasoning compared to Milton Friedman's approach in termsn of prediction and theory?
    • Milton Friedman's winning methodology
    • Essay on positive economics
    • Quotes n , Ludwig von Mises
    • Anecdote about a meeting between Ludwig von Mises and Milton Friedman in the Mont Pelerin Society
    • Ludwig von Mises' capability of knowing his enemies
  • 01:16:18    |    
    Can you talk about the background of the association of Milton Friedman with Augusto Pinochet?
    • Issues on advising a dictator or a communist regime
    • Incompatibility of market economies and totalitarian regimes
    • Milton Friedman's recommendations to Chile
  • 01:22:42    |    
    Was Milton Friedman the most influential economist of the 20th century?
    • Milton Friedman's actual influence
    • Milton Friedman's importance to 20th century economic thought
    • Dislike of policy makers for Milton Friedman's ideas
    • Most important free market economist of the 20th century
  • 01:29:10    |    
    Final words
  • 01:29:18    |    
    Final credits

Friedman Centennial Conference: A Conversation with Milton Friedman

New Media  | 31 de julio de 2012  | Vistas: 134

During the 100th anniversary of Milton Friedman’s birth, local and visiting professors of UFM, and economists celebrate the lifelong work of this outstanding economist and thinker. Attendees recall Manuel Ayau’s friendship with Milton Friedman and point out the importance of their mission through both their lives.

In this occasion, several questions are answered and explained by Friedman himself, regarding some of the most important topics that policy makers and the civil society deal with, at all times.

As part of the celebration, Milton Friedman becomes the central topic of the anecdotes and stories. He is remembered not only by his wisdom and broad knowledge about economy, but also by the content of his character, his effort and willingness to spread the essence of liberal ideas to the world, such as freedom and market economies.

Finally, the panel conversation discusses the intellectual relationship he sustained with other economists, such as Ludwig von Mises, as well as his link with the Chicago School of Economics and his incursions as an advisor to the Chilean government.


Doctor en Economía y profesor universitario

Economista y profesor universitario

Jerry L. Jordan is an economist, president of the Pacific Academy…

William Ruger is research fellow in foreign policy studies at the…

George Selgin is professor of economics at the Terry College of…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín