History.
The collection of political movements in the 1850s brought forth a new political party, the Republican Party, named after and principled after the Jeffersonian Republican Party of 1800. This third party, born in 1854, started in the Midwest in Ripon, Wisconsin and spread to Michigan, which had a statewide convention by the summer of that year. By 1856, the party spread along the northern states and many northeastern Whigs and pro-business Democrats, who opposed slavery, soon joined the Republican Party.

New York, a state with the Erie Canal, the port city in New York harbor and Wall Street, became a strong Republican State with its strong business climate. By the 1880s, The Republican Party in the Northeast legislated with progressive policies that promoted all forms of business, without creating a hostile environment of high taxes and restrictive regulations.

Soon, Democrats like Al Smith and Woodrow Wilson began to enact progressive policies and by losing the mantle of progressive reform, it divided the Republican Party into principled conservatives in the South and Midwest and pro-New Deal Republicans in the Northeast. The Al Smith Democrats felt Franklin Roosevelt's New Deal solutions to the Great Depression were overreaching and would begin to hurt the State of New York, while the New York Republican-wing latched onto the New Deal reforms and moved the party into social reform and change. Leaders such as Nelson Rockefellor, believed the New Deal policies actually benefitted businesses and if New York chose policies by movement conservatives, like Barry Goldwater, we would collapse the economy and return us to a Great Depression.

Unfortunately, under Rockefellor, he became the poster child of social reform and change by using taxes and spending policies that increased the state budget and bankrupt the New York City economy by the 1970s.

Milton Friedman's vision can reinvent New York State's economic environment by using a balance between the progressive policies at the start of the Twentieth Century and the movement conservative approach presented by Goldwater and Ronald Reagan. By limiting the crushing power of existing big businesss, which can strangle small and medium businesses looking to compete, New York can once again be a friendly environment for companies who would bring tax revenue and job growth to the State.

I'm not sure if I've presented an indepth detail on what I believe the New York Republican Party should do in reforming its approach to the voters, because I am still searching for answers to a true party platform for the Twenty First Century. I haven't spent a lot of time reading Milton Friedman, but from what I have read, the man had an approach to economic development that would certainly benefit a state such as New York. The man was a true compassionate conservate, who believed in low taxes driving our economy with competition from small to large business and job creation.