Thursday, November 16, 2006

Milton Friedman, 1912 - 2006

Milton Friedman, winner of the 1976 Nobel Prize in Economics, died earlier today at the age of 94. Dr. Friedman's efforts to popularize (and some would say politicize, although I would disagree with that) economics were many. Few people had his intellectual capacity to debate, nor thought as deeply and widely as he did. He was responsible for turning many on to the subject of economics through his TV series Free to Choose, as well as a vast number of books and articles.

In my experience, few Nobel Prize winners in any category had the ability to get students attention to the extent that he did. The world of economics and economic education is better for his contributions. Thank you Dr. Friedman.

Other comments are welcome.

Posted by TSchilling at November 16, 2006 6:56 PM

I like using fables to show how abstraction can be used to show complex ideas. Do you think a faster approach would be to show how people use comparative advantage in their own lives? For example, like making a meal where everyone has a task. Thanks for working in education...flad

Posted by: mike fladlien at November 18, 2006 6:11 PM


Posted by: lia at November 20, 2006 4:38 AM

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