Tag: The Future

“Fifty years ago, on a trip to China, the renowned Chicago economist Milton Friedman was shown some of the country’s noteworthy public works programs in which hundreds of laborers were digging a canal with shovels. When he asked his hosts why they weren’t relying on earth-moving equipment, the officials responded that their strategy created more jobs. “In that case,” he famously retorted, “why don’t you replace the shovels with spoons?” (Source: The Future of Work, 2015)

pressays

“Fifty years ago, on a trip to China, the renowned Chicago economist Milton Friedman was shown some of the country’s noteworthy public works programs in which hundreds of laborers were digging a canal with shovels. When he asked his hosts Read More …