How Does the American Education System Work?

How Does the American Education System Work?

How does the American education system work? Is a government-run education system effective? In his book Capitalism and Freedom, Milton Freidman answers “how does the American education system work” through a capitalist lens. He argues that having government-funded and government-run schools take away choices and competition for students and parents. Keep reading to answer the question “how does the American education system work?”

Top 3 Quality Control Methods for Company Success

Top 3 Quality Control Methods for Company Success

What are the best quality control methods? How can you implement them in your organization? There are three main quality control methods that can help you maintain consistency in your organization. You’ll need to take all of these factors into account when thinking about how to control the behavior of people in your company. Read more about quality control methods and how they apply to your organization.

The Social Responsibility of Business: Increase Profits

The Social Responsibility of Business: Increase Profits

What does Milton Friedman mean by “the social responsibility of business is to increase its profits?” How does this differ from other views of corporate social responsibility? Corporate social responsibility is the idea that as large corporations with a lot of money, companies have a duty to uplift their communities and society as a whole. In Capitalism and Freedom, Milton Friedman argues that the social responsibility of business is to increase its profits. Read more about Milton’s Friedman’s views and why the social responsibility of business is to increase its profits and nothing more.

The Relation Between Economic and Political Freedom

The Relation Between Economic and Political Freedom

What is the relation between economic and political freedom? How does Milton Friedman explain this connection in his book Capitalism and Freedom? According to Milton Friedman, the relation between economic and political freedom is well established. In order for people to truly have freedom, they have to be able to live without restraints on their economic activities. Read more about the relation between economic and political freedom below.

The Problems of Trade Unions & Economic Drawbacks

The Problems of Trade Unions & Economic Drawbacks

What are the problems of trade unions? Why does Milton Friedman argue that trade unions can be harmful to industry? The problems of trade unions arise when unions become so powerful that they gain full control of the labor market. Additionally, labor unions can operate as wage suppressors, hurting workers and the market. Read more about the problems of trade unions according to Milton Friedman.