Person

Milton Friedman

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Economist Milton Friedman poses next to a bust sculpture of himself

The Century of Milton Friedman

An interview with Jennifer Burns on her authoritative new biography of the American economist and the personal and intellectual origins of his theories.
Milton Friedman.

Milton Friedman, the Prizefighter

The economist’s lifelong pugilism wasn’t in spite of his success—it may have been the key to it.
Political cartoon depicting busts of Ronald Reagan, Milton Friedman, and Alan Greenspan on a mantle with spider webs.

The End of Milton Friedman’s Reign

The Chicago school ruled supreme over economics—until recently.
Milton Friedman in front of a graph.

The Myth of the Friedman Doctrine

Friedman's viewpoint went far deeper and has been more lasting than the politics of 1970.
Collage-style design of Milton Friedman and his work

The End of Friedmanomics

The famed economist’s theories were embraced by Beltway power brokers in both parties. Finally, a Democratic president is turning the page on a legacy of ruin.
Milton Friedman poses with a sculpture of himself.

Colossus Wears Tweed

A number of recent books blame the rise of neoliberalism on economists. But the evidence suggests it is still capital that rules.
Milton Friedman.

Milton Friedman Was Wrong

The famed economist’s “shareholder theory” provides corporations with too much room to violate consumers’ rights and trust.

When Privatization Means Segregation: Setting the Record Straight on School Vouchers

The ugly roots of the "school choice" movement.
Minnijean Brown, Thelma Mothershed, and Melba Pattillo (three of the Little Rock Nine), and NAACP president Daisy Bates.

Selling Out Our Public Schools

For decades, the term “school choice” was widely and rightly dismissed as racist. Now it’s the law in thirty-three states.
bags of money

Survival of the Wealthiest: Joseph E. Stiglitz on the Dangerous Failures of Neoliberalism

In which “the intellectual handmaidens of the capitalists” are taken to task.
Tank on the street of Santiago, Chile.

How Pinochet's Chile Became a Laboratory for Neoliberalism

The Chicago Boys and the tragedy of the Chilean coup.
Friedrich Hayek listens to the president of the Centro de Estudios Públicos in Chile, Jorge Cauas, speak in April 1981.

Neoliberal Economists Like Milton Friedman Cheered on Augusto Pinochet’s Dictatorship

Friedrich von Hayek and Milton Friedman helped devise Pinochet's economic agenda and endorsed the brutal repression that was needed to force it through.
Axe chopping down columns

The Rise and Fall of Neoliberalism

The free market used to be touted as the cure for all our problems; now it’s taken to be the cause of them.
Adam Smith (left), George Stigler (center), Milton Friedman (right), Hyde Park streetscape in the background.

The Localist

Why did Chicago become the headquarters of free market fundamentalism? Adam Smith offers a clue.
American flag sign that reads "NWRO," "I support a guaranteed adequate income for all Americans"

Escape from the Market

Far from spelling the end of anti-market politics, basic income proposals are one place where it can and has flourished.
Agosto Pinochet and Milton Friedman edited to appear as two sides of the same coin.

When Milton Friedman Met Pinochet

Chicago economists had free rein in Chile. The country is still recovering.
Milton Friedman (L) and James Tobin (R)

The Forgotten Case Against Milton Friedman

In 1967, Milton Friedman launched a counterrevolution in economics that overturned the Keynesian theory of inflation.
Adam Smith.

The Contradictions of Adam Smith

Smith's influence on American politics, and the misunderstanding at the heart of our idea of the "champion of capitalism."
Ronald Reagan pointing at a graph explaining his tax policy.
partner

Inflation Opened the Door to American Neoliberalism

An excerpt from "The Hidden History of Neoliberalism."
Painting of people on a fishing boat

A Cosmic Lie

A conversation about "Davos Man: How the Billionaires Devoured the World."