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Why Are There No Milton Friedmans Today?

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  • David Colander

Abstract

This article addresses two questions: Are there fewer economist public intellectuals today than previously, and if so, why? and: Are there fewer economists who support free markets today, and if so, why? It answers yes to the first question, suggesting that the selection process for graduate schools today is weeding out potential public intellectuals. But the answer to the second question is unclear, because today most economists blend policy and theory in a way that makes it hard to tell what their view of free markets is and why they hold that view.

Suggested Citation

  • David Colander, 2013. "Why Are There No Milton Friedmans Today?," Econ Journal Watch, Econ Journal Watch, vol. 10(2), pages 167-171, May.
    • Handle: RePEc:ejw:journl:v:10:y:2013:i:2:p:167-171
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    References listed on IDEAS

    as
    1. Colander, David, 2003. "The Aging of an Economist," Journal of the History of Economic Thought, Cambridge University Press, vol. 25(2), pages 157-176, June.
    2. Johnson, Harry G., 1982. "On Economics and Society," University of Chicago Press Economics Books, University of Chicago Press, number 9780226401638.
    3. Colander, David & Klamer, Arjo, 1987. "The Making of an Economist," Journal of Economic Perspectives, American Economic Association, vol. 1(2), pages 95-111, Fall.
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    More about this item

    Keywords

    Milton Friedman; Chicago school; 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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