The major way that society has come to agree on the rules of property is through the growth of common law, though more recently legislation has playe… - Milton Friedman

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The major way that society has come to agree on the rules of property is through the growth of common law, though more recently legislation has played an increasing role.

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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

Thanks to economists, all of us, from the days of Adam Smith and before right down to the present, tariffs are perhaps one tenth of one percent lower than they otherwise would have been. … And because of our efforts, we have earned our salaries ten-thousand fold.

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