• The economist Joseph Stiglitz explains why he thinks the late Milton Friedman's ideas have contributed to rising inequality in the US

    8 monthes ago - By Chron

    Joshua Roberts/Reuters
    Joseph Stiglitz points to the popularity of the ideology of the late Milton Friedman, fellow Nobel laureate economist, as a significant reason for the high inequality and low growth in the US today.
    Friedman said that in a free market, a public company exists solely to serve shareholders.
    Stiglitz argued that there is a wealth of proof that these free market conditions cannot exist.
    This debate has been going on since the 1930s, but the tide seems to be shifting toward the champions of creating long-term value by de-emphasizing short-term results.
    This post is part...
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  • The economist Joseph Stiglitz explains why he thinks the late Milton Friedman's ideas have contributed to rising inequality in the US

    The economist Joseph Stiglitz explains why he thinks the late Milton Friedman's ideas have contributed to rising inequality in the US

    8 monthes ago - By Business Insider

    Joseph Stiglitz points to the popularity of the ideology of the late Milton Friedman , fellow Nobel laureate economist, as a significant reason for the high inequality and low growth in the US today.
    Friedman said that in a free market, a public company exists solely to serve shareholders.
    Stiglitz argued that there is a wealth of proof that these free market conditions cannot exist.
    This debate has been going on since the 1930s, but the tide seems to be shifting toward the champions of creating long-term value by de-emphasizing short-term results.
    This post is part of Business Insider's...
    Read more ...