Bryan Caplan Quote
True market fundamentalists in the economics profession are few and far between. Not only are they absent from the center of the profession; they are rare at the right-wing extreme. Milton Friedman, a legendary libertarian, makes numerous exceptions, on everything from money to welfare to antitrust: Our principles offer no hard and fast line how far it is appropriate to use government to accomplish jointly what is difficult or impossible for us to accomplish separately through strictly voluntary exchange. In any particular case of proposed intervention, we must make up a balance sheet, listing separately the advantages and disadvantages.
Bryan Caplan
True market fundamentalists in the economics profession are few and far between. Not only are they absent from the center of the profession; they are rare at the right-wing extreme. Milton Friedman, a legendary libertarian, makes numerous exceptions, on everything from money to welfare to antitrust: Our principles offer no hard and fast line how far it is appropriate to use government to accomplish jointly what is difficult or impossible for us to accomplish separately through strictly voluntary exchange. In any particular case of proposed intervention, we must make up a balance sheet, listing separately the advantages and disadvantages.
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About Bryan Caplan
Bryan Douglas Caplan (born April 8, 1971) is an American economist and author. Caplan is a professor of economics at George Mason University, research fellow at the Mercatus Center, adjunct scholar at the Cato Institute, and former contributor to the Freakonomics blog and EconLog. He currently publishes his own blog, Bet on It. Caplan is a self-described "economic libertarian". The bulk of Caplan's academic work is in behavioral economics and public economics, especially public choice theory.