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The Adam Smith address: capitalism and its discontents.(T.M. Friedman Professor of Economics and Hoover Institution Senior Fellow Michael J. Boskin's speech)(Transcript)

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From: Business Economics
Date: 19990101
Author:

T.M. Friedman Professor of Economics Michael J. Boskin discussed capitalism and its discontents when he was presented the 1998 Adam Smith Award by the National Assn for Business Economics. Boskin reviewed events in economic and intellectual history to prove that a limited government-based capitalist economic system is superior to alternative forms of economic organization. He believed that calls for capital controls, new regulation, dangerous protectionism and expanded taxes and expenditures have proven to be detrimental to progress and have led to the demise of alternative models.

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