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Why Is There No Milton Friedman Today?

Author

Listed:
  • Robert Solow

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.

Suggested Citation

  • Robert Solow, 2013. "Why Is There No Milton Friedman Today?," Econ Journal Watch, Econ Journal Watch, vol. 10(2), pages 214-216, May.
    • Handle: RePEc:ejw:journl:v:10:y:2013:i:2:p:214-216
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    More about this item

    Keywords

    Milton Friedman; economics; 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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