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Milton Friedman vs Ayn Rand: How To Change the World

In this episode of New Ideal Live, Onkar Ghate and Nikos Sotirakopoulos discuss Milton Friedman’s impact as a public intellectual and how his advocacy of the free market differed from Ayn Rand’s radical philosophical case for capitalism. Among the topics covered: ● Why Milton Friedman is an essentially positive influence on free market thought; ● How Friedman’s moral conventionality reinforced the ideas he tried to oppose; ● The importance of stating the ideal when advocating for gradual reform; ● Why questions of morality are at the root of economic issues; ● How Friedman’s amoralism and pragmatism blinded him to the statists’ motivation; ● Ayn Rand’s critical evaluation of Friedman; ● Why the abolitionist movement is a model for moving the world toward freedom. Mentioned in this podcast is Onkar Ghate and Yaron Brook’s course “Cultural Movements: Creating Change” (https://estore.aynrand.org/products/c...) and Ayn Rand’s essay “Tax Credits for Education.” (https://aynrand.org/novels/the-ayn-ra...) The podcast was recorded on May 2, 2024. 0:00:00 Introduction 0:01:25 Friedman’s positive influence 0:06:32 Consequences of moral conventionality 0:17:30 Stating the ideal 0:29:58 Morality at the root of economic issues 0:37:49 Friedman’s amoralism and pragmatism 0:45:12 Rand’s critical evaluation of Friedman 0:51:22 The model of the abolitionist movement Subscribe to ARI’s YouTube channel to make sure you never miss a video: https://www.youtube.com/subscription_... Download or stream free courses on Ayn Rand’s works and ideas with the Ayn Rand University app: – App Store https://itunes.apple.com/us/app/ayn-r... – Google Play https://play.google.com/store/apps/de... ARI is funded by donor contributions. You can support our work by becoming an ARI Member or making a one-time contribution: https://ari.aynrand.org/donate ****** Keep in Touch! Sign up to receive email updates from ARI: https://aynrand.org/signup Follow ARI on Twitter:   / aynrandinst   Follow ARI on Facebook:   / aynrandinstitute   Follow ARI on Instagram:   / aynrandorg   Subscribe to the ARI Live! podcast: https://podcasts.apple.com/us/podcast... ****** Explore these ideas further! ARI's online publication, New Ideal, explores pressing cultural issues from the perspective of Ayn Rand’s philosophy, Objectivism: https://newideal.aynrand.org/ Join an upcoming virtual or in-person event: https://ari.aynrand.org/events/ Visit ARI’s website for more about our content and programs: https://ari.aynrand.org/