The Legacy of Milton and Rose Friedman’s Free to Choose
Economic Liberalism at the Turn of the 21st Century
October 23–24, 2003
A Conference Hosted by the Federal Reserve Bank of Dallas

Organizers: Mark Wynne and Robert Formaini, Federal Reserve Bank of Dallas

Agenda

Thursday, October 23

Welcome

Robert D. McTeer, Jr. President and Chief Executive Officer Federal Reserve Bank of Dallas

Remarks by Milton and Rose Friedman

Remarks by Alan Greenspan Chairman Federal Reserve Board (via video link)

Session 1—Freedom of Choice in Education

Eric Hanushek Hoover Institution The Toughest Battleground: Schools [PDF]

Paul E. Peterson Harvard University The Theory and Practice of School Choice [PDF]

Moderator: Mark A. Wynne Federal Reserve Bank of Dallas

Session 1 Q & A

Session 2—The Environment

Terry L. Anderson PERC—The Center for Free Market Environmentalism The Property Rights Path to Sustainable Development [PDF] (coauthor, Laura E. Huggins)

Richard L. Stroup Montana State University Economic Freedom and Environmental Quality [PDF]

Moderator: Robert L. Formaini Federal Reserve Bank of Dallas

Session 2 Q & A

Session 3—The Burden of Government and the Path to Reform

William A. Niskanen Cato Institute The Economic Burden of Taxation [PDF]

Thomas R. Saving Private Enterprise Research Center The Transition to Private Market Provision of Elderly Entitlements [PDF]

Moderator: Harvey Rosenblum Federal Reserve Bank of Dallas

Session 3 Q & A

Session 4—Economic Freedom and Globalization

Tyler Cowen George Mason University Commerce, Culture and Diversity: Some Friedmanesque Themes in Trade and the Arts [PDF]

Peter J. Boettke James M. Buchanan Center for Political Economy Milton and Rose Friedman’s Free to Choose and Its Impact in the Global Movement Toward Free Market Policy: 1979–2003 [PDF]

Gregory C. Chow Princeton University Free to Choose in China [PDF]

Moderator: W. Michael Cox Federal Reserve Bank of Dallas

Session 4 Q & A

Dinner Address

Gary S. Becker Hoover Institution The Power of the Market

Friday, October 24

Session 5—The Financial and Monetary Framework

Luigi Zingales University of Chicago Financial Markets and Economic Freedom [PDF]

Allan H. Meltzer Carnegie Mellon University Choosing Freely: The Friedmans’ Influence on Economic and Social Policy [PDF]

Ben S. Bernanke Board of Governors, Federal Reserve System Friedman’s Monetary Framework: Some Lessons [PDF]

Moderator: Harvey Rosenblum Federal Reserve Bank of Dallas

Session 6—Is the Tide Turning Again?

James D. Gwartney Florida State University What Have We Learned from the Measurement of Economic Freedom? [PDF]

Raghuram G. Rajan International Monetary Fund Can the Tide Turn? [PDF]

Moderator: Virginia Postrel New York Times

Session 6 Q & A

Luncheon Address

Francisco Gil Diaz Secretary of Finance, Republic of Mexico Economic Reforms in Latin America and Mexico: Goals and Challenges [PDF]

Concluding Remarks

Milton and Rose D. Friedman Robert D. McTeer, Jr.