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Why Are There No Milton Friedmans Today?


  • David Colander


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

    1. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters,in: A Theory of the Consumption Function, pages 1-6 National Bureau of Economic Research, Inc.
    2. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, January.
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    More about this item


    Milton Friedman; Chicago school; economics; economists;

    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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