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Capitalism and Freedom by Milton Friedman: An Imaginary Debate

Capitalism and FreedomCapitalism and Freedom by Milton Friedman

My Rating★★★★☆

Friedman is definitely one of the most eloquent economists ever to have ventured into public discourse and also one of the most influential. And his arguments are powerful and almost impossible to argue against without stripping oneself of intellectual integrity. No doubts about that. But the imaginary debating partner cannot help but wonder if staking a claim to the moral high ground in an argument is not exactly the most liberal way of conducting one. Friedman puts a lot of stock into how true liberalism must be determined and the gist is that it is about letting people choose what is best for them. Now, having agreed with that, the imaginary debating partner would begin to feel slightly discomfited as Friedman begins to assert that given everything else his school has the right to define how this ‘freedom’ of expression should be exercised and defined.

This second definition feels discomfiting because the imaginary debater cannot quite get how Friedman can claim the authority to dictate that the natural tendency of all democracies towards being welfare states is not really in keeping with the best interests of people. The imaginary debater tries to argue that with universal franchise, surely we can allow the economic system to explore its welfare limits and see how it works, just as we have explored mercantile limits earlier. But Friedman takes no note and sticks to the stand that his school knows best what ‘freedom’ really is and how it is to be best expressed.

The imaginary debater makes one last attempt to try and point out that this is in contrast to Friedman’s basic philosophy in life that underpins all his theories – a basic distrust of all authority.

Seeing the futility, the debate ends.

Disclaimer: The book is a great read (as reflected in the rating). The reviewer is not to be held responsible for random debates that ensues in the reading.

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Posted by on October 1, 2013 in Book Reviews, Books, Thoughts

 

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Hidden Gems

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Hidden Gems

All that passes,
passeth by,
all passers-by
steps over the body;
christ lies still,
sneering in secret,
at the passers
hurrying by,
each to his ends,
forgetting why.

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Posted by on March 14, 2012 in Poetry, Thoughts

 

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Book Review: Einstein’s Dreams by Alan Lightman

Einstein's DreamsEinstein’s Dreams by Alan Lightman

My rating: 5 of 5 stars

Some of the best fun I have had in recent years of reading came in the two hours it took me to read this (including frantic back-tracks and hop-skips). Time is the hero of this collection and comes veiled in every twisted garb we can conceive, or rather, that Einstein can dream up. Einstein in his mad canter towards discovering the most revolutionary idea in science tumbles right down an imaginary wonderland in this book.

What comes out of the recesses of Einstein’s brooding on the nature of time and its relation to our lives is a montage of dreams that stretch our imagination to its limits. Time goes backwards, becomes personal, loops in on itself, slows down and speeds up according to your speeds and even stops altogether in his various dreams. But in the process we also see our own natures reflected in these bizarre behaviors that Einstein (or rather Lightman) subjects our protagonist to.

While each of the ‘worlds’ are immensely entertaining and thought-provoking, the real crux of the book comes out in the interludes, which are the only times we meet the dreamer – Einstein. The book is an exploration of the twists and turns of the creative process, of the blind alleys and the arcane notions, the tomfoolery and the Baudelaire circus contortions that the creative imagination has to be twisted to before a coherent idea emerges.

Of the dreams, numbering around thirty, some are particularly imaginative while others are variations on earlier themes. At first I was disappointed to encounter these variations and slight modifications, until I realized that Einstein, the dreamer/thinker, has to revisit ideas and try these mutations before he can proceed with them or discard them. Some of the ideas had to be short, some elaborate, some gripping, some boring and some outlandishly silly.

But through it all, the constant feeling, almost magical, of being part of this evolution of thought and of peering into the wildest musings (even if imagined) that led to the conception of time as we know today makes the book a treasure to be revisited and indulged in at every opportunity.

Did I mention that I read the book three times today?

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Posted by on March 4, 2012 in Book Reviews, Books, Poetry, Thoughts

 

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