Tag milton friedman

Are You a Wright or Friedman Urbanist?

In a post blogger Eric Orozco called, ‘forerunner candidate for “most incisive blog post” of the year,’ Daniel Nairn of Discovering Urbanism discussed the seemingly conflicted camps of libertarianism when it comes to Urbanism.  His observations are based upon the comments in the Volokh article on planning and walkability linked in the previous post. Daniel (a non-libertarian) presents the opposing libertarian factions as The Wright Group, after Frank Lloyd Wright and his romanticism about individualistic prairie living and The Friedman Group, which “believes that the spatial distribution of development ought to be determined by a free market.” The Wright group seems to favor optimizing individual autonomy through spatial living arrangements even if doing so requires centralizing economic and political authority to some extent. The Friedman group seems to favor optimizing individual autonomy through market decisions even if doing so results in more people living in situations where full control over private property is compromised in some way. Daniel’s insightful choice of figureheads fascinates me from a philosophical point of view.  Frank Lloyd Wright was hardly a libertarian, but had strong individualist tendencies, and is said to be the model for Howard Roark’s character in Ayn Rand’s The Fountainhead.  Milton Friedman, a Nobel Laurette Economist, is probably one of the most famous figures of modern libertarian thought.  Despite Friedman’s steadfast defense of liberty, he had favored government roads on occasion. I think most would agree that The Friedman Group, as Daniel describes it, is more closely aligned with the thesis of Market Urbanism and the ideas of emergent order of the land marketplace.  Hayek or even Rothbard may also be considered appropriate, although less famous substitutes as figurehead. (note: I’m not sure what Daniel means by,  “even if doing so results in more people living in situations where full control over […]

Block on Road Socialism

For quite some time, Economist Walter Block has been one of the more radical thinkers when it comes to advocating free market solutions. Many of his writings on roads and rent control are featured in the Links to Articles, Academic Papers and Books page. Today’s Lew Rockwell Podcast features an interview with Professor Block discussing Road Socialism. The interview begins with a discussion of the fact that certain socialist institutions exist in our supposedly free-market society, and Block mentioned that when he debated Milton Friedman, he accused Friedman of being a “Road Socialist”. Friedman eventually admitted, “Yes, I am a road socialist.” The discussion turns to deaths on highways, competition, congestion pricing, some history of private turnpikes and transit, eminent domain, and homesteading. Many of Block’s thoughts and ideas are highly controversial, but make for fantastic conversation. I can’t say I always agree with his point of view or ideas, but I like the unique perspective he brings that is always thought provoking and sparks interesting debate. I encourage readers to listen to the podcast and discuss their thoughts on the podcast. Also, check out his recent lecture at FEE on Privatizing Roads and Oceans, and articles on rent control and highways.

University of Chicago Creates Milton Friedman Institute

Crain’s Chicago Business: U of C honors Friedman with $200M center Eventually, the Friedman Institute will be housed in buildings now occupied by the Chicago Theological Seminary on 58th Street between Woodlawn and University avenues. The U of C is buying the buildings and has agreed to build a new home for the seminary at 60th Street and Dorchester Avenue. The seminary is expected to move in 2012 and will lease the building from the U of C for 100 years at a cost of $1 a year. Milton Friedman Institute webpage