August 5, 2012

Milton Friedman, A Small Giant of A Man

[From article]
Friedman explained to fellow economists in the 1950s that “theory is to be judged by its predictive power for the class of phenomena which it is intended to ‘explain.’” He rejected ideas that worked in smart men’s heads but failed in working men’s lives.
[...]
Friedman came from the real world. So did his economics.
[...]
“He made arguments that people found hard to answer. He made them politely, and without implying that the people who disagreed with him were stupid or wicked.”
[...]
Friedman embodied the Aristotelian wisdom: “Where both are dear, it is right to prefer truth to friends.” Good ethics proved a good career move. When honesty talks, people listen.

http://www.city-journal.org/2012/eon0731df.html

DANIEL J. FLYNN
Monetarism and the Man
Remembering Milton Friedman on his 100th birthday
31 July 2012

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Milton Friedman
From Rahway, NJ


http://michellemalkin.com/2012/07/31/celebrating-milton-friedman-at-100/

Celebrating Milton Friedman at 100
By Michelle Malkin
July 31, 2012

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http://www.nationalreview.com/articles/312648/milton-friedman-s-centenary-thomas-sowell


JULY 31, 2012 12:00 A.M.
Milton Friedman’s Centenary
He was converted by his own research, analysis, and experience.
By Thomas Sowell

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