The Power of the Market
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The Power of the Market
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The Power of the Market

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Overview
Dr. Friedman states, "There is not a single person in the world who can make this pencil." He explains that the creation of even a simple object - like the "lead" pencil - requires the knowledge of many people, lumberjacks, steel manufacturers, miners, etc. These people may not speak the same language, they may not know or like one another, yet the market enables them to combine knowledge and effort to produce wealth.

Dr. Friedman states, "There is not a single person in the world who can make this pencil." He explains that the creation of even a simple object - like the "lead" pencil - requires the knowledge of many people, lumberjacks, steel manufacturers, miners, etc. These people may not speak the same language, they may not know or like one another, yet the market enables them to combine knowledge and effort to produce wealth.

Casts
Milton Friedman , Linda Chavez , David Brooks , James Galbraith , Steve Allen , Arnold Schwarzenegger
Genres
Duration
48 min
Country
Unknown
IMDb
0.0
Release
1990-01-01
Production
No production companies available.

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