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Why Is There No Milton Friedman Today?

Author

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  • Richard A. Posner

Abstract

Milton Friedman combined the roles of economic analyst, advocate of specific public policies, and passionate public intellectual advocating classic liberalism, though largely on moral and political rather than economic grounds. Immensely influential in his lifetime, his star has faded in recent years in the face of growing recognition, stimulated in significant part by the global economic crisis that began in 2008, of the limitations of laissez-faire economics.

Suggested Citation

  • Richard A. Posner, 2013. "Why Is There No Milton Friedman Today?," Econ Journal Watch, Econ Journal Watch, vol. 10(2), pages 210-213, May.
    • Handle: RePEc:ejw:journl:v:10:y:2013:i:2:p:210-213
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    More about this item

    Keywords

    Milton Friedman; libertarianism; 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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