Scholarly Comments on Academic Economics

Why Is There No Milton Friedman Today?

by

Abstract

I suggest that the historical Milton Friedman arose as the rare conjunction of a special person and a very favorable environment. So a successor is unlikely. This is a good thing. The dominance of a Milton Friedman type, right or left, is bad for economics and for society. It attracts resources toward fruitless debates and away from possibly productive research and discussion.