Thursday, November 16, 2006
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Milton Friedman, R.I.P. (1912-2006)
Milton Friedman died today at the age of 94.
Here's the Cato Institute's obituary. And here's the New York Times obit. The best quote in that one comes from Ben Bernanke: "His thinking has so permeated modern macroeconomics that the worst pitfall in reading him today is to fail to appreciate the originality and even revolutionary character of his ideas."
The obit aso contains these surprising (to me) facts:
In his first economic-theory class at Chicago, he was the beneficiary of another accident — the fact that his last name began with an “F.” The class was seated alphabetically, and he was placed next to Rose Director, a master’s-degree candidate from Portland, Ore. That seating arrangement shaped his whole life, he said. He married Ms. Director six years later. And she, after becoming an important economist in her own right, helped Mr. Friedman form his ideas and maintain his intellectual rigor.posted by Dan on 11.16.06 at 02:03 PM
I have a blog post about Milton Friedman trying to bring freedom to Israel (http://amechad.blogspot.com/2006/11/death-of-giant-rip-milton-friedman.html)
Incidentally, I think the story about being sat next to Rose Director is on one of the first pages of his autobiography Two Lucky People.posted by: amechad on 11.16.06 at 02:03 PM [permalink]
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