Honors Government -
For Thursday, read the essay by Milton Friedman and respond to this post by answering the following questions:
1) What is the general message of Friedman's essay?
2) According to Friedman, what is the proper role of government in the economy? Be specific.
3) Do you personally agree with his view? Why or why not? Note: your answer should be read as your personal economic philosophy, so make sure it is clear and specific.
Interesting story about Milton Friedman:
23 comments:
I think the general message was that government and the people play a big role in the economy. People have the freedom to make choices in the economy and the government has to protect those freedoms and also regulate certain things in the economy. He says that the roles of government in the economy are "to provide a means whereby we can modify the rules, to mediate the differences among us on the meaning of the rules, and to enforce compliance with the rules on the part of those who would otherwise not play the game." I agree that the government should come up with a way to modify the rules that causes the least amount of controversy. I also agree that the government should decide what the rules mean and how we need to follow them. The government should also enforce the law on those that had nothing to do with the decision-making because everyone should have to follow the same rules.
1) The general message that Friedman is trying to convey is that in economics, unanimity is the ideal way to work. Unfortunately, this can not always occur, as the rights of individuals interfere with each other and therefore cause a lack of unanimity. Due to this lack, the government's role in different parts of the economy changes with time and subject.
2) Through this, Friedman believes that the proper role of government is to link the individuals who can not work together. As he states on page 442, the government should be used to "accomplish jointly what it is difficult for us to accomplish seperately." He also believes that the government should protect our individual freedoms from issues such as neighborhood effects.
3) I agree with Friedman in his views. We do need government involvement of some kind in our economy. If it were to be let loose, private businesses would monopolize markets and create ghastly prices. The government involvement helps prevent such an anarchist economy. It helps protect our private property rights, especially when compared to the rights of others. It also protects us from the actions of our neighbors on any economic scale. We need to have government interference in our society.
1) Monoploies are bad.
2) government should control the economy espcially in the areas of agriculture, imports/exports. rent control, minimum wage, regulation of inducstries--monoploies, etc.
3) Economics should have some government control but not so much as Friedman has explained. I believe the government should only be able to regulate businesses in the ways of determining what is sold as being healthy/safe and banning things that are not and eliminating monopolies. Minimum wage would be a nice thing to have as well as ensuring that an employer offers a safe environment and insurance.
-Ashley McConnell
this is jared i cant figure this stuff out.
1.) the general message that Friedman's trying push across is that the government should play as little role in the economy as possibly he was for a free market.
2.) the role of government just considered is to do something that the market cannot do for itself. so basically what he is saying is that the government is only to set up the rules to keep one company from gaining to much control of the market but other thatn that the government is to stay out of the business of the business world.
3.) the government should not play a major role in the economy but in case of monoploly the government should step in but other than that the governments only role should be from preventing to much control.
1.) The general message of Friedman's essay is what he believes a liberal is and what they believe as a member of government.
2.) He believes the key to lesening recession and inflation is to be found in a tighter control of the money supply and a return to free market economics. He also believes that private monopolies is the lesser of the three evils which arepublic regulation,public monopolies and the private monopolies.
3.) I'm not sure what exactly his views are but I believe there shouldn't be monopolies because we need competition. I also believe that the government gets into too many issues that they don't need to and that the government should set some regulations on companies and other tings but they do not need t go overboard.
1)The general message of this article is about how the government should be run. And how society should be run. THis is in terms of social, law, parks, everything--money, everything that society needs to organize.
2) The proper role of government is to mantain law and order, to prevent any fights between one another, the enforcement of contracts voluntarily entered into, the definition of the meaning of property rights, the interpretaion and enforcement of such rights, and provision of a monetary framework.
3) I believe that we shouldn't have monopolies, especially the post office and phone services because then the company could raise the price however high they wanted it and the people would just have to accept it. That's not fair for them.
I agree with his philosophy on the proper role of government. We should decide all those things in order to maintain a strong economy. The highway tax, in my eyes, is also impossible. There's no way that the government could efficiently charge people. The gas tax is much easier and better on everyone, and also cheaper.
That's pretty much all I got. This wasa challenging assignment and I had a hard time understanding it (even after the 4th read). But I did it to the best of my ability.
~*Julz*~
1) The general message that Friedman is showing throughout his essay is that the United States markdet is full of differnet ideas. The men and women in the market are having trouble solving issues because there are so many differnet views in the nation. voting on the issues doesn't solve much, and the conflict of issues goes on. However, unamimity will always be a necessary evil in the government.
2) The proper role of government in the economy is to enforce and interpret the rules of society that are determined by the people. The government needs to create a devise or system that complies with these rules. The governmet, also needs to provide a means whereby society cna modify the rules, to meidate differences among the people on the rules, and to enforce those rules.
3) I personally agree with the views of Friedman on the issue of the role of government in society. I believe that there should a government there to society to enforce the rules, however, private property is a key to the market of the United States. Property is important to the people in our society and they should decide who can and cannot enter their property to some extent. Government has to control things in a society. It is a necessary principal inny society.
1. the general message of friedman's essay is the freedom of capitalism. it also has to do with the government's role in the economy.
2. the proper role of government in the economy is the private monoply. he says in his essay that he believes that this is the lesser evil of the three types of monopolies.
3. i'm not sure. i believe that government should have some role in the economy but i don't believe in monopolies. so yeah...there should be little government action but they should minimize the monopolies in the U.S. economy.
i'm out...beka
1.)The general message of friedman's essay is how capitalism and freedom tie together. Capitalism regulates personal freedom.
2.) The proper role of government in an economy is "to serve as the umpire of the game" Should regulate the relationship between the people and the market.
3.) I agree because i do think that there must be some form of regulation of the market, to prevent price gouging and monopolies.
1) The general message in this passage was that Milton Friedman wants a free market. He does not want any government to have much say in society. He thinks people should have free reign in the government with extremely limited help from government.
2) According to Friendman, the proper role of government is for them to be involved in very limited ways. In his opinion, government should not interfere with the market except in the place of monopolies and neighborhood effects.
3) I do not agree with Friedman's opinion. To have a market run smoothly, government must have a relatively large part in the economy. It is unrealistic to not have the government involved. I agree people should have an equal amount of running the market just like the governmnet. The government needs to be involved to have a good market.
1.) Th general message of Friedman's essay is The key to lessing recession and inflation is to be found in a tighter control of the money supply and a return to free market economics.
2.) According to Friedman the proper role of government in the economy is to maintain the law and order and to prevent coercion of one individual by another. An example would be protecting property rights.
3.) I agree. I think that deciding how much govt. should be in or out of the economy is tough. However I agree with Friedman to a point. I think that it is the governments job to protect economists but i also think that being part of the economy is the risk you take. I so think that the government should maintain the law.I agree with Parity price, tarrifs, governmental control on output, leagl minimum wage, social security, military, National Parks, and toll roads. I am not positive that i agree with rent control or public housing.
1) In Friedman's essay, he is in support of a free market economy but in turn says that government involvement is inevitable and in certain conditions, necessary. How else are we going to have a money supply? Who else is going to enforce rules? Who is going to prevent the development of monopolies? Since everyone cannot agree on everything, we need a government to fulfill this position.
2) Friedman views the proper role of government in the economy as a body that provides what the market itself cannot, such as a way to enforce rules. "...the basic roles of government in a free society: to provide a means whereby we can modify the rules, to mediate differences among us on the meaning of the rules, and to enforce compliance with the rules on the part of those few who would otherwise not play the game." "The role of government just considered is to do something that the market cannot do for itself, namely, to determine, arbitrate, and enforce the rules of the game." The government serves as a provider of rules, a mediator between conflicting groups, and as a rule enforcer. Friedman then says that however attractive anarchy may be, it would be impossible to have a perfect society. Freedoms of one man may conflict with another and the government needs to be there to limit one man's freedom or even both. The government is also there to prevent monopolies and to oversee and regulate neighborhood effects. Concerning monopolies, without government involvement enforcing rules against monopolies, there would be no way to prevent them. Concerning neighborhood effects, the government needs to be there when the negative actions of some affect that of others.
3) I personally agree with the view of Friedman. I agree that the United States should have a free market economy. Being a Republican, I think government involvement in economic matters should be absent or very minimal. Although I would rather have no government involvement in economic matters, government is necessary in some situations. It provides what the market itself cannot provide.
MARC SLONE
1.) Milton believes that the free market is the best device to allocate society's resources and for ordering human affairs. He believes that the key to recession and inflation needs to be a tighter control of the money supply and to return to free market economics. Policy meant to alter tax rates and levels of public spending only increase economic problems and reduce an individual's discretion over one's income. Economic loss and loss in personal freedom are the end result. He is an advocate of classical, individualistic liberalism. He feels that the role of Government should be limited.
2.) The Government's job is to determine, arbitrate and enforce the rules of the game. The government should maintain law and order, define property rights, enforce contracts, promote competition, provide a monetary framework and engage in activities to regulate monopolies. Government intervention limits individual freedoms.
3.)Milton, I feel, wants little government freedom. He probably would be against things such as welfare, social security and income taxes. I, on the other hand, believe we need these government organizations to protect and help us. Milton would also probably be against labor unions which I believe are a necessity when fighting for workers' rights. No labor unions means that wages can be determined by supply and demand and conditions can be bad for the worker. I believe we need competition in order to keep companies' prices down. I also believe in regulation of certain things like electric, telephones and transportaion in order to keep prices low.
1. Milton Friedman said that he wants a free market economy.
A free market economy is an economy where the government is not involved. The government should only be there when the free market cannot do what it needs for itself. The governemnt should only set rules and standards because without rules and standards we would have chaos. Friedman also says that the way to control inflation is to have a tighter control on the money supply.
Friedman doesn't support "welfare state liberalism", instead he proposes "individualist liberalism". The entire government should not make the majority of decisions for the country. Decisions should be made by the individual within certain boundaries by the government. Friedman states that even though we say we believe in freedom for everyone, we really do not. We do not believe in freedom for madmen and children according to Friedman. He says we cannot permit crazy people to have their freedoms nor can we shoot them. I thought this was quite true. Sometimes the goverment has to have control.
2. Once again Friedman believes in a free market economy with limited gorvernment control. (This can be found on page 435, first paragraph under Milton Friedman.)
Milton also believes that government in the economy is only necessary when the free market cannot do what it needs to do for itself. (page 439 under technical monopoly)
3. I agree with Friedman that we should have a free market economy with limited governmental control. I think this Friedman man is a genius.
3.
Pretty much the guy is sayn that he would like a free market economy but government is necessary in some situations.
He says the government is necessary for providing a currency system, preventing monopolies, making rules for the people to follow, and enforcing those rules.
Personaly i agree with him about the free market situation. I believe there should be little if any government interactions with our economy. People should run their own without limits and boundries set by a government.
1.) I believe that the general message of this essay by Friedman is to tell about what exactly the government is meant to do for the benefit and welfare of a nation's economy. A government that has set rules that most people will follow helps to make the government find it's purpose in the economy. The message he is also trying to get across is the fact that a free market/government is not possible; that "perfect anarchy" is not possible because men are not perfect, then he stretches on this ideal. 2.) According to Friedman, the proper role of government in the economy is to become not a free market, becasue an economy without rules and regulations would deteriorate. Whatever one person considers freedom to them may interfere with the freedom of another person, so it would not be good to have a free market economy. He believes that, like a game, there must be an umpire to enforce and interpret rules. 3.) Yes, I do personally agree with his view because if everyone decided to go along with their own ideas and rules in the economy, or even in society, it would turn into chaos and like I emntioned before, certain people's freedoms would conflict with other people's freedoms. So I do believe that it is neccesary to have set rules that are enforced by the governmnet so that our economy will be better run and much more stable. *Stephanie*
Milton Friedman was obviously an economic mastermind. In the reading he spoke of how free enterprise systems such as the
United States need at least some government regulation to run properly. He referenced the society and how as long as everyone obey the laws everything all fine and dandy but there will always be a select few willingly breaking the laws and therefore government must step in a take action against them.
Friedman's idea of the free market economy is that ideally: what goes around comes back around. He goes on to adress the perfect economy but then is sure to mention the impossibility of such a thing. He talks about monopolies, private, public and corporate. While first given reason to doubt the evils of corporate and public monopolies by sighting other phhilosophers he voices his opinion as private monopolies being the least aweful. His gives the examples of national parks such as yellowstone and international highways and turnpikes. While it is impossible to tax each person by how often or much they use certain roads it is reasonable to charge a tax for roads on the gasoline pumped into their vehicles. Of the national parks, not every benefitor can be taxed, such as those enjoying the free space of land extending beyond their yard. However, chargeing an admission fee may be a worthy opportunity cost.
Milton Friedman is a notable economic philosopher and I believe he has put tremedous effort and thought into forgeing his beliefs. I therefore have little choice but to agree with him since I have only done minimal research and exerted little thought in produceing my opinion. He has the role of government nailed down and I like his idea of benefits with strings attached. If your getting something good from something pay a little back. Due to technological advances and globilization, a real possibility exist that some of the national scale economics and the rules by which they are governed will be changing soon. He makes a list of points towards the end of his paper, I've lost it at the moment but I'll have to hand it to him. Most were sound ideas with the ability for drastic improvements if they would be inducted into our current system.
1. The general message friedman was trying to get across is that he is for a free market so the government should play as little role as possible in economics and monopolies are bad for the economy.
2. In his essay he says that private monopoly is the lesser evil of the three types of monopolies and the proper role of government in the economy is private monopoly. His goal is to link the individuals who cannot work together.
3. The government does not need to play a major role in the economy unless monopolies come into effect then the government should step in but other than that the government's only job should be preventing to much control.
1.) The general message Freidman is trying to get across is that the best way economics work is when people work together as a whole. Individuals disagree with one another which makes things not go as smoothy as they could go.
2.) Freidmans believes the governments role in economics is to help individuals work together for a common goal. Also the government should protect individual effects from issues such as neighborhood effectsand many other things that go along with that.
3.) I agree with his views and i do think we need some government control in econmoics. If they had no control then we would have monopolies spread out all over the country. We need the government in our society.
1) Friedman proposes and supports with examples the idea that ideally, government would not have to intervene in the economy, but some questions cannot be answered and some rules cannot be enforced without the effect of government as an occasional enforcer, interpreter, and mediator of the rules.
2) Friedman states that the proper role of government is very basic. He believes government should “provide a means whereby we can modify the rules, to mediate differences among us on the meaning of the rules, and to enforce compliance with the rules on the part of the those few who would otherwise not play the game.”
3) I agree the role of government should be very basic. I also agree that the interests of people vary too greatly for government not to be involved in the economy at all; some government involvement is necessary. Government must the objective body of individuals that enforce and interpret the rules. However, you notice Friedman says government is a “means whereby we can modify the rules, to mediate differences among us on the meaning of the rules.” He uses the words we and us, to imply that even when the government is involved, the interests of individuals are not far removed from the process.
- Ariana S.
I think that the general message was the freedom of capitalism.it also talks about how the government regulates the economy.
Friedman believes that the proper role of the goverernment should be private monopoly he feels that this is the best of the 3
there has to be some government regulation on the economy if not then we will end up in depression but we cant have to much control because the economy isnt for the government its for the people.
Daniel Sperry
I think that the general message was the freedom of capitalism.it also talks about how the government regulates the economy.
Friedman believes that the proper role of the goverernment should be private monopoly he feels that this is the best of the 3
there has to be some government regulation on the economy if not then we will end up in depression but we cant have to much control because the economy isnt for the government its for the people.
1. It says that monopolies aren’t what you need. Unanimity is how you should work.
2. Friedman believes that you should get those who cannot work together to do work together. Try to accomplish things together that you cannot accomplish alone.
3. I think the government should stay out of the economy or be less involved. Though in the case of monopolies the government should step in and set regulations and stuff like that.
brittany shuler
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