Mistah Friedman? He Dead

James K. Galbraith

Econ Journal Watch, 2013, vol. 10, issue 2, 180-183

Abstract: Why is there no Milton Friedman today? For two reasons. The young Milton Friedman emerged from a cloistered hold-out against the Age of Keynes; as such he was a battle-tested master of ingenuity and subterfuge. The accomplishments of those years cannot be replicated by the dominant and dogmatic orthodoxy that Chicago-style economics has become. On the other hand, as a celebrity and TV personality, the older Milton Friedman has many imitators. It’s a well-paid niche, and as such the caliber of people drawn to it is not very high.

Keywords: Milton Friedman; adaptive expectations; permanent income; economic freedom; Chicago school; 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 complete reference list from CitEc
Citations: View citations in EconPapers (1)

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