Daily Podcasts Video Research

What Milton Friedman Got Wrong

JL;DR SUMMARY The article critically examines Milton Friedman's views on capitalism and its relationship with Judaism, highlighting Friedman's misunderstanding of Jewish ambivalence towards capitalism. A way out west there was a fella, fella I want to tell you about, fella by the name of Jeff Lebowski. At least, that was the handle his lovin' parents gave him, but he never had much use for it himself. This Lebowski, he called himself the Dude. Now, Dude, that's a name no one would self-apply where I come from. But then, there was a lot about the Dude that didn't make a whole lot of sense to me. And a lot about where he lived, likewise. But then again, maybe that's why I found the place s'durned innarestin'.

JL;DR members get full summaries of all articles in the archive, including this one. Donate & start reading »

Tags

Jewish HistoryCovenantCapitalismMilton FriedmanCollective ResponsibilityWerner SombartSocial TrustJewish EconomicsReligion And Economics

Places mentioned

Switzerland
"the Mont Pelerin Society."
New York, United States
"more are in tune with the sensibilities of the New York Times, a publication not known for its laissez-faire economic views."
Israel
"nor would Israel have come into being or survived into the present."
Norway
"Nations such as Norway or Switzerland, which enjoy high levels of social trust (or what academics call social capital), are typically rich."
Lebanon
"low-trust societies, such as Lebanon or Nigeria, are poor."
Nigeria
"low-trust societies, such as Lebanon or Nigeria, are poor."
United States
"If people who have to work together in an enterprise trust one another because they are operating according to a common set of ethical norms, doing business costs less."

Support this source

This item was indexed and curated by Cairo, JL;DR's web crawler.
Cairo Item ID 66442
Cairo Source ID 29
Retrieved 2025-11-12 05:30:51 UTC
Curated 2025-11-12 08:30:50 UTC