The lan- guage of generalities is the language of non-ideal theory. Otherwise, such policies threaten to leave individuals less substantively free, dominated, coerced, and democratically impotent in a society in which the ability to influence the democratic process plays an important role in our freedom or well-being.
With this central modifica- tion in mind, more philosophical and empirical work needs to be done to consider whether or not, and to what extent, the reforms Friedman spent most of his life championing have made people more free. Acknowledgment: The author would like to thank Eric Schliesser and Eric MacGilvray for their helpful comments on previous drafts of this article. References Alverado, F. The top 1 percent in international and historical perspective. Journal of Economic Perspectives, 27 3 , 3— Bartles, L.
Unequal democracy: The political economy of the new gilded age. Princeton: Princeton University Press. Berlin, I. Two concepts of liberty. Oxford: Clarendon Press. Four essays on liberty. Oxford: Oxford University Press. Buchanan, J. Can democracy promote the general welfare? Social Philosophy and Policy, 14 2 , — Preiss Buchanan, J.
The calculus of consent: Logical foundations of constitutional democracy. Indianapolis: Liberty Fund. Childs, D. Britain since A political history 6th ed. London: Routledge.
Forst, R. The right to justification: Elements of a constructivist theory of justice. Flynn, Trans. New York: Columbia University Press. Friedman, M. Capitalism and freedom. Chicago: University of Chicago Press.
The case for the negative income tax: A view from the right. Bunzel Ed. October Free to choose: A personal statement. New York: Harcourt Inc. Galbraith, J. Boston: Houghton Mifflin. Gilens, M. Testing theories of American politics: Elites, interest groups, and average citizens. Perspectives in Politics, 12 3 , — Gourevitch, A.
Labor republicanism and the transformation of work. Political Theory, 41 2 , — Gutmann, A. Democracy and disagreement. Habermas, J. Moral consciousness and communicative action. Nicholsen Trans. Harvey, D. A brief history of neoliberalism. Hayek, F. The constitution of liberty. Jefferson, T. Notes on the State of Virginia. Leonhardt, D. The paradox of corporate taxes.
New York Times, February Lomasky, L. Persons, rights, and the moral community. Lovett, F. Domination and distributive justice. Journal of Politics, 71 3 , — Macpherson, C. Democratic theory: Essays in retrieval.
Mischel, L. The state of working America 12th ed. Washington, D. Munger, M. Basic Income Studies, 6 2 , 1— One and one-half cheers for a basic income gaurantee: We could do worse, and already have.
Independent Review, 19 4 , — Murray, C. In our hands: A plan to replace the welfare state. Guaranteed income as a replacement for the welfare state. The social contract revisited. Nozick, R. Morgenbesser, P. White Eds. New York: St. Anarchy, state, and utopia.
New York: Basic Books. Nutter, G. The extent of enterprise monopoly in the United States, — Pettit, P. Republicanism: A theory of freedom and government. Freedom in the market. Politics, philosophy, and economics, 5 2 , — Milton Friedman on Freedom Pettit, P.
A republican right to basic income? Basic Income Studies, 2 2 , 1—8. Cambridge: Cambridge University Press. Taking back the economy: The market as a Res Publica. Our Kingdom: Power and liberty in Britain. Just freedom: A moral compass for a complex world. New York: Norton. Piketty, T. Capital in the twenty-first century.
Wealth and Inheritance in the Long Run. Handbook of Income Distribution, Vol. Amsterdam: North-Holland Press. Powell, B. Two libertarian arguments for basic income. Preiss, J. Global labor justice and the limits of economic analysis. Business Ethics Quarterly, 24 1 , 55— Reich, R. Supercapitalism: The transformation of business, democracy, and everyday life. New York: Vintage Books. Reitan, E. Sandel, M. Sen, A. Empirical monetarism is identified with Friedman's business cycle research program.
It was this latter program that was the principal source of contention, having theoretical… Expand. Save to Library Save. Create Alert Alert. Share This Paper. Citation Type. Has PDF. Publication Type. More Filters. The important place that currency and bank credit have in the economy, give us the right to indicate them as major factors in determining business cycles.
Starting from Mr. Hawtrey's famous … Expand. Money is at the center of macroeconomics, which makes understanding the money supply central for macroeconomic theory. This paper presents the Post Keynesian theory of endogenous money supply and … Expand. The reluctance has derived frommy dissatisfaction with their scrappy nature, from my intention to usethem as a basis for a fuller and more satisfactory treatment of price theory,and from my optimistic belief that I would be able to turn to the prepara-tion of the fuller treatment momentarily.
As an empirical economist, how-ever, I cannot neglect the evidence that has accumulated in that decade. Clearly, I must reject the hypothesis that a fuller treatment is imminent. Moreover, it has not been feasible to keep the mimeographed notes fromgetting fairly wide circulation. Hence, despite my continued dissatisfac-tion with them, it has seemed best to make them generally available.
These notes had their origin in the entrepreneurship of David 1. He induced WarrenJ. Gustus to collaborate in preparing summaries of lectures in a two-quarter course in price theory that I have given at the University of Chi-cago since I went over the summaries, revised them in detail, wrotealternative versions for some, substituted previously written but unpub-lished material for others, and inserted, both then and at intervals since,published material that seemed particularly relevant.
These notes wouldnever have been brought out but for Fand's and Gustus's work, and I ammuch indebted to them. In the present version, the reprinted material includes an article on"The 'Welfare' Effects of an Income Tax and an Excise Tax," a revisedversion of an article that first appeared in the] ournal of Political Econ-omy reprinted here from my Essays in Positive Economics; a few pages onstatistical cost curves from a comment of mine in Business Concentration'and Price Policy; part of an article of mine that appeared in DavidMcCord Wright ed.
The Impact of the Union; and an article on"Choice, Chance, and the. Personal Distribution of Income," reprinted. In teaching the course on price theory since these notes have been avail-.
I have added to this version of the notes two appendixes that may help. Appendix A gives thereading list that I have used in my course.
Appendix B gives a collectionof some of the problems that I have assigned to the class to work on duringour so-called reading period. The problems are in two. See Full Reader. Post on Dec views. Category: Documents 7 download. Tags: monetary theory theory of demand theory of distribution teaching price theory theory of capital quantity theory of money monetary policy supply curves.
Copyright , by Aldine Publishing Company All rights reserved. Table of Contents Preface. Reading AssignmentsB. I cannot pretend that the present version is the finished treatise that I had in mind or in youthful dreams in the earlier years of teaching thecourse.
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