Make the acvocacy of radical causes sufficiently remunerative, and the supply of advocates will be unlimited. - Milton Friedman

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Make the acvocacy of radical causes sufficiently remunerative, and the supply of advocates will be unlimited.

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About Milton Friedman

Milton Friedman (31 July 1912 – 16 November 2006) was an American economist noted for his support for free markets and a reduction in the size of government. In 1976 he was awarded a Nobel Prize in Economics.

Biography information from Wikiquote

Also Known As

Alternative Names: Milton Galbraith Friedman
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Additional quotes by Milton Friedman

Sloppy writing reflects sloppy thinking.

Underlying most arguments against the free market is a lack of belief in freedom itself.

People forget the fundamental distinction between Adam Smith's version of The Invisible Hand and what I suppose you could regard as Bastiat's version. The French idea was that there is somehow a harmony in nature so that by natural forces if people were left free to pursue their own interests they would benefit everybody. Adam Smith's was a much more subtle and sophisticated argument, that it is possible to set up institutions under which people pursuing their own interests will benefit everybody. His invisible hand required the right set of institutions and I think that's the case. After all, the distinction between a collectivist society and a market or individualist society is not whether people pursue their own interests. If I take Russia, for example, the people in Russia are all pursuing their own interests but the institutions set up in Russia make what is in each person's own interest different from what it would be in the United States or in Britain.

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