Quote:
While in California, Milei delivered a highly technical lecture on his new book, Capitalism, Socialism, and the Neoclassical Trap: From Economic Theory To Political Action, at Stanford. He covered the history of economic thought, criticizing John Maynard Keynes while lauding names like Adam Smith, Friedrich Hayek, Milton Friedman, Ronald Coase, and Murray Rothbard—and even some lesser-known economists like Frank Ramsey, Knut Wicksell, and Angus Maddison. The self-described libertarian leader was broadly critical of economic models which can veer far from reality, and of academic economists for using market failures to justify excessive government intervention.
Milei has made meaningful progress toward his goal of liberalizing the Argentine economy to enable human flourishing and alleviate poverty. Time will tell whether his success continues—and leads other countries to adopt his bold and innovative platform.