100 definitions
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Milton Friedman: top 100 quotes
100 definitions on 37 concepts
Business's (n.) social responsibility is to increase its profits.
Business (n.) has one and only one responsibility: To use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.
Prohibition (n.) is like making water run uphill... it's against nature.
Free trade (n.) was more free in the 19th century. We have much less globalization now than we did then.
Man (n.) is a machine which produces utility out of goods.
Money (n.) is a durable consumer good, an asset, and place to store wealth very temporarily characterized for its convenience, security, and perfect liquidity.
Money (n.) is a temporary abode of purchasing power.
Money (n.) is only made by buying a product at a low price and selling it at a higher price.
Politics (n.) is, by and large, the problem of correcting the effects of mismanagement of government.
Morality (n.) is today in a state of decline as the result of a change from belief in individual responsibility to belief in social responsibility, whereby a man has no reason to make his behavior good because he is not responsible for his own behavior, that somehow society is responsible.
Freedom (n.) is a rare and delicate plan that the frankenstein of government threatens to destroy the very freedom we establish it to protect.
Freedom (n.) is a state in which every person is free to do good at his own expense.
Freedom (n.) is defined negatively as the absence of coercion of a man by his fellow men. Liberty or freedom can be equated with economic freedom.
Freedom (n.) is diversity but also mobility. It preserves the opportunity for today's disadvantaged to become tomorrow's privileged and, in the process, enables almost everyone, from top to bottom, to enjoy a fuller and richer life.
Freedom (n.) is asking neither what a man's country can do for him nor what he can do for his country.
Freedom (n.) is preferable to an artificial equality even if it were to lead to wider inequality.
Freedom (n.) is more imporant than equality. When equality is placed above it, the society will end up with neither equality nor freedom.
Poverty (n.) is a byproduct of the modern welfare state and diminished sense of social responsibility. Individuals become less willing to be held accountable for their own actions and, instead, turn to the government for protection.
Poverty (n.) is best measured relatively... namely as that level of income or that level of consumption below which 10 percent of the people now are.
Poverty (n.) is largely derived from wrongheaded government policy.
Poverty (n.) is measured crudely by roughly estimating minimum expenditures on food, multiplying that number by three.
Poverty (n.) cannot be cured. Poverty is in the eye of the beholder.
Poverty (n.) is a thing there is no good way of measuring.
Capitalism (n.) is a promoter of political freedom because it separates economic power from political power and in this way enables the one to offset the other.
Capitalism (n.) is a system better described as 'free market or competitive capitalism'.
Capitalism's (n.) essential notion is voluntary cooperation and voluntary exchange. The essential notion of a socialist society, by contrast, is force.
Capitalism (n.) is the form of social organization under which greed will do the least harm.
Capitalism (n.) is a necessary condition for political freedom but not a sufficient condition.