#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom

2767.044 - 2794.232 Jennifer Burns

Whereas the progressives are saying things like we need to use social control. The state and the people collectively and democratically need to control the way economics unfolds and make sure things are fair and equal. So that school of thought becomes known as institutional economics in the United States by the 20th century. So it's part of the progressive movement, late 19th century.