In this presidential address published in 1902, Edwin Cannan affirms political economy as a vital cultural project. The central lessons to be imparted to society at large concern the principles upon which millions cooperate in creating wealth. He touches on international trade, housing, urban...

A sample of 299 U.S. economics professors, presumably random, responded to our survey which asked favorites in the following areas: Economic thinkers (pre-twentieth century, twentieth century now deceased, living age 60 or older, living under age 60), economics journals, and economics blogs....

This document offers an English translation of remarks that Pierre-Samuel Dupont de Nemours made in 1809, remarks principally about Adam Smith. Dupont suggests repeatedly that Adam Smith fudged some points in The Wealth of Nations, because, says Dupont, Smith “thought that in order to maintain...

Scholars collected into a group within a university department pollinate one another and sometimes come jointly to project a certain flavor or brand of scholarship, often led by minds of singular vision and originality. A notable case of such emergence sprang from the department of economics at...

Rose Friedman (née Director), the Chicago-trained economist, was a very important contributor to Milton Friedman’s scholarly output, popular writings, and television series. His remarkable role in society was to a significant extent a joint role from which she cannot be separated.

This article traces the evolution of Milton Friedman’s ideological views over the course of his adult life. It finds the evolution to be from a moderate liberalism to a definite classical liberalism and then, during the last 50 years of his life, to an increasingly robust libertarianism....

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...

This essay responds to the question, “Why is there no Milton Friedman today?” In doing so, it briefly examines several aspects of Friedman’s professional life that contributed to his success in the academic, policy, and public realms as well as the influence of the social and political...

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...

Why is there no Milton Friedman today? The new structure of things—or lack of structure—makes it hard for someone to emerge as a focal representative of classical liberalism. But every day, innumerable souls breathe new vitality into the cogent perspective that Friedman and others gave to...