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1、MiltonFriedmanUnraveledbyMurrayN.RothbardbyMurrayN.RothbardThisarticleoriginallyappearedinTheIndividualistin1971,andwasreprintedintheJournalofLibertarianStudiesintheFall2002issue.Mention"free-marketeconomics"toamemberofthelaypublicandchancesarethatifhe
2、hasheardthetermatall,heidentifiesitcompletelywiththenameMiltonFriedman.Forseveralyears,ProfessorFriedmanhaswoncontinuinghonorsfromthepressandtheprofessionalike,andaschoolofFriedmanitesand"monetarists"hasariseninseemingchallengetotheKeynesianorthodoxy.H
3、owever,insteadofthecommonresponseofreverenceandawefor"oneofourownwhohasmadeit,"libertariansshouldgreetthewholeaffairwithdeepsuspicion:"Ifhe’ssodevotedalibertarian,howcomehe’safavoriteoftheEstablishment?"AnadvisorofRichardNixonandafriendandassociateofmo
4、stAdministrationeconomists,Friedmanhas,infact,madehismarkincurrentpolicy,andindeedreciprocatesasasortofleadingunofficialapologistforNixonitepolicy.Infact,inthisasinothersuchcases,suspicionispreciselytherightresponseforthelibertarian,forProfessorFriedma
5、n’sparticularbrandof"free-marketeconomics"ishardlycalculatedtorufflethefeathersofthepowers-that-be.MiltonFriedmanistheEstablishment’sCourtLibertarian,anditishightimethatlibertariansawakentothisfactoflife.THECHICAGOSCHOOLFriedmanismcanbefullyunderstoodo
6、nlyinthecontextofitshistoricalroots,andtheserootsaretheso-called"ChicagoSchool"ofeconomicsofthe1920sand1930s.Friedman,aprofessorattheUniversityofChicago,isnowtheundisputedheadofthemodern,orsecond-generation,ChicagoSchool,whichhasadherentsthroughoutthep
7、rofession,withmajorcentersatChicago,UCLA,andtheUniversityofVirginia.Themembersoftheoriginal,orfirst-generation,ChicagoSchoolwereconsidered"leftish"intheirday,asindeedtheywerebyanysortofgenuinefree-marketcriterion.AndwhileFriedmanhasmodifiedsomeoftheira
8、pproaches,heremainsaChicagomanofthethirties.ThepoliticalprogramoftheoriginalChicagoansisbestrevealedintheegregiousworkofafounderandmajorpoliticalmentor:HenryC.Simons’sA1PositiveProgramforLaissezFaire.Simons’spoliticalprogramwaslaissezfa
