Word: friedman
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...while countries like China, South Korea and India are catching up fast. Unless things change, they will overtake us, and the breathtaking burst of discovery that has been driving our economy for the past half-century will be over. In his 2005 best seller, The World Is Flat, Thomas Friedman argues that globalization has collapsed the old hierarchy of economic engine-nations into a world where the ambitious everywhere can compete across borders against one another, and he identifies the science problem as a big part of that development. Borrowing a phrase from Shirley Ann Jackson, president of Rensselaer Polytechnic...
...economist Adam Smith, Cowperthwaite reduced the government's role in the economic affairs of the then-British colony, eliminating tariffs, lowering income tax to a maximum of 15% and slashing bureaucratic red tape. Hong Kong flourished under this policy of what he called "positive non-intervention," leading economist Milton Friedman to hail him as the embodiment of laissez-faire economics. "I did very little," Cowperthwaite said of his part in Hong Kong's prosperity. "All I did was to try to prevent some of the things that might undo...
...have a name: libertarian.Libertarians more or less fall into two camps: consequentialists and deontologists. Consequentialist libertarians want a more limited government because they believe it will lead to better social conditions, such as a higher gross domestic product, more personal choice, and increased self-reliance. Many economists, like Milton Friedman and visiting professor of economics Jeffrey A. Miron—who teaches the popular course Economics 1017, “A Libertarian Perspective on Economics and Social Policy”—fit into this category.Deontological libertarians, often referred to somewhat ambiguously as “philosophical libertarians...
...Still, the director of undergraduate studies for the economics department, Benjamin M. Friedman, said that an accounting course would not fit into his department. “The simple answer is that accounting is accounting, and that is not economics. And therefore our department does not teach it,” he said...
...Friedman, the director of undergraduate studies for Harvard’s economics department, said that undergraduates could get their accounting fix at the University’s graduate schools...