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Requiescat in pace.
Lengthy FT obit here; U of C News Office release here.
This entry was posted on Thursday, November 16th, 2006 at 2:33 pm and is filed under Economics & Finance, Obits.
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I first became aware of Milton Friedman as a teenager circa 1980 when I read an article or editorial of his in which he made the claim that the “energy crisis” was not caused by an actual shortage of petroleum or other energy sources but rather by political interference in energy markets.
When he and Hayek started the Mont Pelerin Society in 1947, they were the tiniest community of outliers amidst a general consensus in favor of socialism. They did not despair. The facts and the theory were there. The carried on, for decades, and they had an impact.
Friedman did a superb job all up and down the spectrum of economics, from technical work comprehensible only to specialists, down all the way to his TV show Free to Choose, which any intelligent person could understand. He was a University of Chicago empiricist. Theory had to be grounded in observable fact. His Monetary History of the United States was a monster of factual historical research, a foundation that others could use and build on.
The world is more free, more proseperous and I will assert happier place due to his unremitting efforts.
November 16th, 2006 at 2:59 pm
Uncle Miltie has passed? Say it ain’t so! I just heard him by podcast last week.
Is this what EK-R means by “Denial is the first stage of grief?”
November 16th, 2006 at 3:03 pm
The FT obit is superb.
November 16th, 2006 at 4:56 pm
I first became aware of Milton Friedman as a teenager circa 1980 when I read an article or editorial of his in which he made the claim that the “energy crisis” was not caused by an actual shortage of petroleum or other energy sources but rather by political interference in energy markets.
He was widely denounced as a loon.
November 16th, 2006 at 6:06 pm
A true giant and brilliant supporter of freedom and freedom’s relationship to capitalism. Condolences to his widow and family. RIP
November 16th, 2006 at 7:00 pm
One of the greatest men of the century.
When he and Hayek started the Mont Pelerin Society in 1947, they were the tiniest community of outliers amidst a general consensus in favor of socialism. They did not despair. The facts and the theory were there. The carried on, for decades, and they had an impact.
Friedman did a superb job all up and down the spectrum of economics, from technical work comprehensible only to specialists, down all the way to his TV show Free to Choose, which any intelligent person could understand. He was a University of Chicago empiricist. Theory had to be grounded in observable fact. His Monetary History of the United States was a monster of factual historical research, a foundation that others could use and build on.
The world is more free, more proseperous and I will assert happier place due to his unremitting efforts.
Rest in Peace, sir.
November 16th, 2006 at 10:55 pm
I’m sure the people of Chile mourn his passing.
November 17th, 2006 at 2:55 am
El hombre de la eterna sonrisa
November 17th, 2006 at 1:50 pm
“The man of the eternal smile.” (http://babelfish.altavista.com/)
November 17th, 2006 at 4:15 pm
A great man has passed, the founder of the original Chicago Boys. Please limn his photo above in black as you did for President Reagan.