Sunday, January 19, 2014

Free to choose: A powerful documentary by Milton Friedman

Milton Friedman, winner of Nobel prize in Economic sciences, is more than a scholar understood by enlightened few. He was an advocate of a free economy, a market governed by price and its consumers than the policies of Governments.

His documentary ''Free to Choose" is meant for a common man, where-in, he explains the basic concepts of economics, and how they go on to bring the desired sociological changes in a nation and psychological changes in the individuals. He had a great influence from Adam Smith's 'Wealth of Nations', so we will find ample references to it throughout the video. His unique style of picking up a subject and explaining it in plain English by breaking it into minuscule matters with sufficient reasoning, and breaking many myths in between, gets the viewer very involved in the subject, clears misconceptions one had on the subject of Economics before watching this video.

After watching the full series (10 videos), I see the value he brings to the table. Is it the subject powerful or his explanation making it more interesting? I am sure to spend more time on his works.