Analysis Of Created Equal By Milton Friedman - 954 Words

In the article â€Å"Created Equal,† Milton Friedman argues that it is important for us to recognize how much we benefit from â€Å"nature’s unfairness†. He goes into greater detail how an elite fighter such as Muhammad Ali makes millions of dollars every time he fights, but the people who watch his fights in return receive entertainment. Friedman used this example as one of the benefits of nature’s unfairness but other than an example he is trying to say that some people work harder than others and that they should be rewarded more than others. Friedman also considered how luck and chance plays a role and the way decisions made could either benefit or work against a person, he mentioned that people with an equal amount of chips can be big winners†¦show more content†¦Another factor could be that if I have past job experience that would surely be a critical factor of landing a job that not many people possess, it may be unfair to the people that d id not get hired because of the absence of past job experience but the benefit in return would be a more experienced employee thus making Walmart more money. As Friedman mentioned before, Muhammad Ali makes millions of dollars every time he fights, but it isn’t fair for people that pay to watch his fights, but in return receive entertainment and possibly money for the people that bet on him. What Friedman is saying that there is an equilibrium that takes place which is the â€Å"abstract ideal of equality† mentioned before, it sure is unfair how Muhammad Ali makes more in a night than people in a year but he made amazing feats in history, entertained, and inspired many people that benefitted from his hardwork and determination. Along with advantages Friedman included luck, chance, and decision making plays a role in the benefit of unfairness. Every year people make a decision on which sports team to bet money on that will compete to win a championship or title. There are contingencies that can sway the results of a championship and the winning bet on a team, one is that the best player in the team would not be able to play due to an injury and that would significantly lower the odds of that team winning and every personShow MoreRelatedEssay The Economic Theories of Milton Friedman795 Words   |  4 PagesThe Economic Theories of Milton Friedman Milton Friedman, like so many great life stories, was the product of a very tough childhood. He was son to a couple of poor immigrants, born on 31 July 1912, in New York, America. At the age of fifteen, Friedmans father died. Despite this, he won a scholarship to both Rutgers University and the University of Chicago, where he achieved a Bachelor of the Arts degree in economics. The very next year he received an MA at Chicago University. He then workedRead MoreMilton Friedman789 Words   |  4 PagesMilton Friedman Milton Friedman, like so many great life stories, was the subject of a very tough childhood. 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