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Why Is There No Milton Friedman Today?

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Listed:
  • Sam Peltzman

Abstract

One answer is that Milton Friedman possessed a rare combination of attributes that enabled him to communicate as easily with a mass audience as with his professional peers. He also emerged on the public stage at a time when his message of limited government had unusual resonance. Developments in the world and in the economics profession have reduced both the demand for the message and the supply of the kind of talent that allowed Friedman to become the iconic deliverer of that message. Friedman ironically bears some responsibility for both changes.

Suggested Citation

  • Sam Peltzman, 2013. "Why Is There No Milton Friedman Today?," Econ Journal Watch, Econ Journal Watch, vol. 10(2), pages 205-209, May.
    • Handle: RePEc:ejw:journl:v:10:y:2013:i:2:p:205-209
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    References listed on IDEAS

    as
    1. Sam Peltzman, 2011. "Ronald Coase and the Methodology of Economics," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 15-29.
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    More about this item

    Keywords

    Milton Friedman; Chicago school; Paul Samuelson; economics profession; economists;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals

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