The classical economic assumption, from the days of Adam Smith, is that we all have free will and this freedom ensures the best possible outcomes for the economy, provided those decisions are based on greed and self-interest. This week’s episode opens with a student questioning Milton Friedman about the freedom of a man who couldn’t afford to pay his el…
Listen to this episode with a 7-day free trial
Subscribe to Building a New Economics to listen to this post and get 7 days of free access to the full post archives.
