Scholarly Comments on Academic Economics

Why Is There No Milton Friedman Today?

by

This article is available

Access statistics
5,850 article downloads
4,489 complete issue downloads
Total: 10,339

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.