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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...
Persistent link: https://www.econbiz.de/10010659516
The extraordinary influence of Milton Friedman is largely attributable to the passion and clarity he brought to the defense of competitive markets during the New Deal period when the public entrenchment of monopolies and cartels were standard government policy. Friedman wrote at a time when the...
Persistent link: https://www.econbiz.de/10010659517
Why is there no Milton Friedman today? For two reasons. The young Milton Friedman emerged from a cloistered hold-out against the Age of Keynes; as such he was a battle-tested master of ingenuity and subterfuge. The accomplishments of those years cannot be replicated by the dominant and dogmatic...
Persistent link: https://www.econbiz.de/10010659518
It is not impossible for there to be another economist of Milton Friedman’s stature, but it is unlikely. Milton had a rare combination of characteristics. His brilliance showed up in his economics work early in his life and led him to some major contributions that affected the profession’s...
Persistent link: https://www.econbiz.de/10010659519
The project called “The Ideological Migration of the Economics Laureates” fills the September 2013 issue of this journal. In doing the project the investigators emailed the living laureates with a questionnaire asking them of their ideological character and outlook over time. The document...
Persistent link: https://www.econbiz.de/10011133024
. Economists writing for the public can either highlight such truths, neglect the issue, or try to allay worries or excuse or … justify large budget deficits (as anti-recession policy, for example). Economists affiliated or aligned with one of the … constituency. This paper investigates selected economists, to see whether their tune changes when the party holding the White House …
Persistent link: https://www.econbiz.de/10008484322
This paper draws concepts from the book The Mind Share Market: The Power of an Alternative Currency, by the same author. The worldwide advertising market, scoped at approximately $600 Billion in spend per year, includes the display of advertising to generate sales. This paper outlines a...
Persistent link: https://www.econbiz.de/10014044282
Economists can to some extent enlighten policymakers and the public and influence public policy. That enlightenment is … is a trade-off between relevance/importance and rigor/precision. Because many economists concentrate on rigor and …
Persistent link: https://www.econbiz.de/10005769959
registered male economists compared to nearly two-thirds of female economists are attending a session), but seem to ask fewer …
Persistent link: https://www.econbiz.de/10011285460
Alphabetic name ordering on multi-authored academic papers_new, which is the convention in theeconomics discipline and various other disciplines, is to the advantage of people whose lastname initials are placed early in the alphabet. As it turns out, Professor A, who has been afirst author more...
Persistent link: https://www.econbiz.de/10011372501