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Milton Friedman passes away at 94
Here is the NYT story, still gated. Here are more articles.
I believe Capitalism and Freedom was the second or third book I ever read on economics and it definitely shaped my life. I knew Milton only a bit but he was always gracious and of course razor sharp and a lover of liberty and prosperity. He was one of the most important minds of the second half of the twentieth century and his influence remains felt all around the world. In purely academic terms, he easily could have won two or three Nobel Prizes from the quality and quantity of his work.
Here is Levitt's brief tribute. Here is WSJ.com, via Brad DeLong.
Posted by Tyler Cowen on November 16, 2006 at 02:12 PM in Current Affairs | Permalink
Comments
I did not always agree with Milton Friedman,
but he was probably the most influential living
economist in the world at the time of his death,
a giant of an economist, even as he was a very
short man physically.
Posted by: Barkley Rosser at Nov 16, 2006 2:40:05 PM
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Posted by: rue Des Quatre Vents at Nov 16, 2006 2:58:34 PM
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Posted by: jim at Nov 16, 2006 3:32:02 PM
The NY Times Obit was too distortionary in my mind due to the Times' usual biased framing. (Noting that I have my own biases, namely in this case libertarianism). The notion that Milton Friedman was Conservative is absurd and a reflection of the Times' inability to understand libertarianism. They also manged to totally ignore what he thought was his own greatest achievement, namely helping to end the military draft. Does that sound like a conservative to anyone? How about his strident opposition to drug prohibition? They also managed to again wrongly implicate him as helping Pinochet's government. Is it libel when you are dead?
I found the Financial Times' obituary much more on the mark.
Posted by: happyjuggler0 at Nov 16, 2006 5:39:24 PM
Capitalism and Freedom was the first economics book I ever read. Really great stuff.
Posted by: Lee at Nov 16, 2006 9:12:08 PM
The FT obit cuts a nice distinction between the political writings of Hayek and Friedman:
"Unlike his fellow exponent of free market capitalism, Friedrich Hayek, he had no great patience for hidden truths that might be embedded in inherited attitudes, rules and prejudices."
This jab at Hayek stuck out of the obit to me, but I think it is right.
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