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On Why There Is No Milton Friedman Today: Sui Generis, Sui Temporis

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  • Steven G. Medema

Abstract

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 context in which Friedman lived and worked. The conclusion reached is that we are unlikely to see another Milton Friedman—or Friedman-like figure of any political persuasion—anytime soon.

Suggested Citation

  • Steven G. Medema, 2013. "On Why There Is No Milton Friedman Today: Sui Generis, Sui Temporis," Econ Journal Watch, Econ Journal Watch, vol. 10(2), pages 197-204, May.
    • Handle: RePEc:ejw:journl:v:10:y:2013:i:2:p:197-204
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    References listed on IDEAS

    as
    1. Milton Friedman & Simon Kuznets, 1945. "Income from Independent Professional Practice," NBER Books, National Bureau of Economic Research, Inc, number frie54-1.
    2. Milton Friedman & Simon Kuznets, 1954. "The Data on Income from Independent Professional Practice," NBER Chapters, in: Income from Independent Professional Practice, pages 46-62, National Bureau of Economic Research, Inc.
    3. repec:ucp:bkecon:9780226264141 is not listed on IDEAS
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    More about this item

    Keywords

    Milton Friedman; Chicago school; 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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