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Spring 2024

ISSN 0890-913X

Volume 39, Number 1

Categories: Spring 2024 | Friedman, Milton - Contributions | Economic freedom

Why Is There No Milton Friedman Today?

William J. Luther, Florida Atlantic Univeristy

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WilliamJ.Luther.“WhyIsThereNoMiltonFriedmanToday?”TheJournalofPrivateEnterprise39(1),2024,1-9.WhyIsThereNoMiltonFriedmanToday?*WilliamJ.LutherFloridaAtlanticUniversityUnitedStatesofAmericaAbstractThereisnoMiltonFriedmantoday.ThereisunlikelytobeanotherMiltonFriedmantomorrow.AndthatisOK.Indeed,itisaproductoftheprogressFriedmanandothershavemadetoadvancethecauseoflimitedgovernmentandfreeexchange.JELCodes:A20,B20,B31,P16Keywords:MiltonFriedman,historyofeconomicthought,freemarketeconomics,economiceducationAlittleoveradecadeago,theMercatusCenteratGeorgeMasonUniversityorganizedasymposiumcenteredonthefollowingquestion:whyistherenoMiltonFriedmantoday?Thesymposiumfeaturedcontributionsfromarangeofscholars,includingJohnBlundell(2013),DavidColander(2013),TylerCowen(2013),RichardEpstein(2013),JamesK.Galbraith(2013),J.DanielHammond(2013),DavidR.Henderson(2013),DanielHouser(2013),StevenMedema(2013),SamPeltzman(2013),RichardPosner(2013),andRobertSolow(2013).ThequestionresurfacedinDecember2023,followingthedeathofRobertSolow.1ButIsuspectitseemedworthaskingagainforotherreasons,aswell.ThepastsixyearshavebeenmarkedbypoorpoliciesintheUnitedStates—policiesFriedmanalmostcertainlywouldhave*Presidentialaddresspreparedforthe2024AssociationofPrivateEnterpriseEducationannualmeeting.1Solow(2013,p.215)tookanespeciallynegativeviewofFriedman:“I’mgladthereisnoMiltonFriedmananywhereonthepolitical-economyspectrumtoday.IthinkthatMiltonFriedmansarebadforeconomicsandbadforsociety.Fruitlessdebateswithtalented(near-)extremistswastealotofeveryone’stimethatcouldhavebeenspentmoreconstructively,eitherinresearchorinarguingaboutpolicyissuesinamorepragmaticway.Isupposethatsuchdebatesalsohelptoclarifyimplicitassumptionsandshadyarguments,butIthinkthatisasmallbenefitcomparedwiththecostinsheerhassle.”

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Metadata [hide]

Title	Why Is There No Milton Friedman Today?
Authors/Creators:	William J. Luther, Florida Atlantic Univeristy
Year:	2024
Volume:	39
Number:	1
Pages:	1 - 9
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Milton Friedman, history of economic thought, free market economics, economic education

Citation:
Luther, William J. / 2024. "Why Is There No Milton Friedman Today?." The Journal of Private Enterprise, 39(1): 1-9.