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Milton Friedman Quotes about Change

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Only a crisis, actual or perceived, produces real change.

Only a crisis, actual or perceived, produces real change.

Milton Friedman
Change, Real, Neoliberalism
Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.14, University of Chicago Press

Only a crisis - actual or perceived - produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes the politically inevitable.

Milton Friedman
Change, Real, Lying
Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.14, University of Chicago Press

. . . it is worth discussing radical changes, not in the expectation that they will be adopted promptly but for two other reasons. One is to construct an ideal goal, so that incremental changes can be judged by whether they move the institutional structure toward or away from that ideal. The other reason is very different. It is so that if a crisis requiring or facilitating radical change does arise, alternatives will be available that have been carefully developed and fully explored.

Milton Friedman
Change, Moving, Two
Milton Friedman, Kurt R. Leube (1987). “The essence of Friedman”, Hoover Inst Pr

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