The construction of hypotheses is a creative act of inspira… - Milton Friedman

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The construction of hypotheses is a creative act of inspiration, intuition, invention; its essence is the vision of something new in familiar material. The process must be discussed in psychological, not logical, categories; studied in autobiographies and biographies, not treatises on scientific method; and promoted by maxim and example, not syllogism or theorem.

Milton Friedman

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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.

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Alternative Names: Milton Galbraith Friedman

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Originators like Milton Friedman:

F.A. Hayek Ludwig von Mises Murray N. Rothbard Leonard Read Friedrich Hayek

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In a free society, a government has no business using the power of the law or the taxpayer's money to propagandize for some views and to prevent the transmission of others.

Society doesn't have values. People have values.

Lo que importa no es la inflación per se, sino la inflación no anticipada

The construction of hypotheses is a creative act of inspiration, intuition, invention; its essence is the vision of something new in familiar materia… - Milton Friedman

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