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Huh. I think this highlights the fact (that I didn't realize until now, really) that I never really considered Friedman an "economist" in the strictest sense —
by didgeoridoo 9y ago
Huh. I think this highlights the fact (that I didn't realize until now, really) that I never really considered Friedman an "economist" in the strictest sense — in my view he's more of a normative political theorist, who uses economic models combined with empirical evidence from history to draw conclusions about policy. Though I'm politically & philosophically simpatico, I've never really looked to Friedman (or Hayek, for that matter) for practical economics.
- dalbasal 9y agoFriedman was a professional economist all his life. His most famous area was on monetary policy which was very politically important in that era of hyperinflation disasters. But, economics bleeds into political science readily. Marx was an economist. Hayek (mentioned in the article) is most famous for political pamphleteering, but he was certainly an economist too. Both he and Friedman got the nobel prize for their economics. Neoliberalism is very much an economics-politics hybrid movement.