“Society Doesn’t Have Values” – Quote by Milton Friedman

„Society doesn't have values. People have values.“

Milton FriedmanMilton Friedman on values: Not society as a whole, but individuals are the ones who hold personal values.
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Milton Friedman was an American economist and a leading figure in the field of monetarism.

Milton Friedman emphasizes that values are not held abstractly by societies, but by individual people.


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Inspirational quote image by Milton Friedman about values and society

Milton Friedman (1912–2006) was an American economist and Nobel laureate, renowned for his contributions to microeconomics, monetarism, and his advocacy of free-market policies. He influenced economic policy in the US and worldwide.

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"Truth was never the highest priority of human society. It was the highest priority of some individuals, but never of society as a whole — because society as a whole does not function on the basis of truth. If you take two of the most powerful institutions of humankind — science and the scientific community, and religion and churches — neither of them has truth as their chief value. For individuals, yes. But as institutions, no. The chief value of science is power. The chief value of religion is order — organization. Religion is all about maintaining order in society, and science is mainly about gaining power." Yuval Noah Harari
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"Why have we had such a decline in moral climate? I submit to you that a major factor has been a change in the philosophy which has been dominant, a change from belief in individual responsibility to belief in social responsibility. If you adopt the view that a man is not responsible for his own behavior, that somehow society is responsible, why should he seek to make his behavior good?" Milton Friedman
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