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13-Friedman-Conversation-9-20-04-response.pdf
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🔗 Source: individualism.org
📊 Size: 12 KB
👤 Author: Default
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Summary

Gordon Brown responds to Milton Friedman's comments, specifically addressing the concept of the "invisible hand" quoted from Adam Smith. Brown finds the idea of self-interest as a primary building block useful, but disagrees with the notion of an "invisible hand" guiding economic situations, instead suggesting that individual cells or entities acting in their own self-interest can lead to effective outcomes through interaction and differentiation. Brown also reflects on his own tendency to focus on differences and invites Friedman to point out any oversights in acknowledging similarities. He plans to send his next step, Step #4, soon.

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Description

Gordon Brown responds to Milton Friedman's comments, specifically addressing the concept of the "invisible hand" quoted from Adam Smith.

Technical Information

  • File Format: PDF
  • File Size: 12 KB
  • Pages: 2
  • Language: EN
  • Author: Default
  • Total Downloads: 78
  • Last Updated: 2 hours ago

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