On October 25, 1983 Milton Friedman gave a lecture provocatively entitled "The suicidal impulse of the business community" at the Hoover Pacific Coast Seminar Dinner. His remarks were published by the Board of Trustees of the Leland Stanford Junior University in 1984.
A quote from this address: "With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves", sets the scene for a theme that he repeated on a number of occasions, but which seldom has been picked up by his fans.
He gave shorter versions of his talk at Adam Smith Award Address to the Association of Business Economist, Cato Institute and on a number of other occasions.
Would anyone be able to help me access a copy of the original which is an 18-page booklet in which, I assume, Friedman dealt with the issue in more detail?
Try here or here
Thanks Jonathan for the links to the Cato article. I have seen them. At only four-pages I believe that they are just part of the larger article he wrote, as the information I have is that the original is 18 pages long. Hopefully someone else may be able to direct me to the 1984 publication.
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