Why There Is No Milton Friedman Today

Richard A. Epstein

Econ Journal Watch, 2013, vol. 10, issue 2, 175-179

Abstract: The extraordinary influence of Milton Friedman is largely attributable to the passion and clarity he brought to the defense of competitive markets during the New Deal period when the public entrenchment of monopolies and cartels were standard government policy. Friedman wrote at a time when the field was smaller, specialization was limited, and technical and empirical work relatively undeveloped. Against that background, his lucid prose and emphatic judgments gained him influence that is not likely to be replicated in a more mature and variegated field.

Keywords: Competitive markets; Milton Friedman; John Maynard Keynes; network industries; popular influence; rate regulation; vouchers; economics; economists (search for similar items in EconPapers)
JEL-codes: A11 A13 A14 B2 B3 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://econjwatch.org/File+download/640/EpsteinMay2013.pdf?mimetype=pdf (application/pdf)
https://econjwatch.org/876 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ejw:journl:v:10:y:2013:i:2:p:175-179

Access Statistics for this article

Econ Journal Watch is currently edited by Daniel Klein

More articles in Econ Journal Watch from Econ Journal Watch Contact information at EDIRC.
Bibliographic data for series maintained by Jason Briggeman ().