Milton Friedman on Capitalism and Freedom
Sep 4 2006

Russ Roberts talks to Milton Friedman about the radical ideas he put forward almost 50 years ago in Capitalism and Freedom. Listen to the most influential economist of the past 50 years discuss the principles of liberty, social responsibility of business, the inertia behind bad legislation and his career as economist and public intellectual.

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Explore audio transcript, further reading that will help you delve deeper into this week’s episode, and vigorous conversations in the form of our comments section below.


Sep 5 2006 at 4:30am

Nice interview. 🙂

Sep 5 2006 at 10:21am


Just a tip: When you have a great interview subject, your readers/listeners are generally best served by the inteviewer staying out of the way. For someone whose technique is worth emulating, you might want to check the podasts of “Radio Economics” — it’s a mark of just how unobtrusive the host is that I can’t even remember his name. But he gets some interesting people on, and then just lets them talk.

Bottom line: I wanted more Milton, uninterrupted…

Chris Meisenzahl
Sep 5 2006 at 11:31am

Wonderful, thank you!

Sep 5 2006 at 9:17pm

I disagree with acassel’s comment #2. I thought the chemistry between Russ and Milton was great. Russ were you a student of Milton?

Sep 6 2006 at 3:04am

I can say my morning has well started. I was just looking around the Internet and i’m happy of the discovery i made. It’s a big service you grant us RUSS allowing us to follow such debates.

I read your interview with G.,Mankiw and i’m going to start that of M., Friedman. Thank you thousands of time.

Listener from FRANCE.

Russ Roberts
Sep 6 2006 at 9:36am


You asked if was a student of Milton’s. In my first semester at Chicago as a graduate student in economics, Milton taught a non-credit class for anyone who was interested. The format was quite simple. We could ask him anything we wanted and he would answer. Most of the first-year students sat in and we did ask him everything. We’d even ask him questions off the core exam—the qualifying exam required at the end of the first year. He usually got them right, but he struggled once or twice which made us feel very good. In the middle of that semester, he won the Nobel Prize which was very exciting.

But I am truly his student in the same way that you are perhaps—I have read many of his books and been influenced by his ideas.

Andy Au
Sep 8 2006 at 8:35am

It’s so great to hear the master talking about his great ideas. Particularly for those who have never been to Chicago.

Sep 10 2006 at 4:08am

I agree with acassel, but being an interviewer is hard and requires some practice… with that excuse, maybe you could interview Milton again some time soon 😉

Nov 17 2006 at 4:40am

sorry to master.

Comments are closed.


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