Professor Mark J. Perry's Blog for Economics and Finance
I have found, over a long time, that some people are natural economists. They don't take a course, but they understand--the principles seem obvious to them. Other people may have Ph.D.s in economics, but they're not economists. They don't think like an economist. Strange, but true.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
3 Comments:
I miss Milton Friedman. He was a national treasure.
I miss him too. It would have been great to get his take on the current financial debacle. It was a privilege hearing one of the great geniuses of the 20th century.
There is a great show on PBS entitled Nova Science Now which profiles extraordinary scientists like Dr. Folkman. There are a very rare people who influence our lives in ways that are unimaginable leveraging their talents to the benefit of mankind.
Not all leverage is a bad thing!
Milton Friedman will continue to inspire, amuse and challenge future generations through his books, and TV programs.
Oh jeez. MF was a showman. Either he did not understand economics or he was purposely deceptive in his rhetoric.
>"Since unions have generally been strongest among groups that would have been high-paid anyway..."< Friedman as quoted at me on Facebook http://www.new.facebook.com/group.php?gid=2207846194&ref=mf#/wall.php?id=2207846194&page=1&hash=7d03eef28ac92c4734d14a4430874911
This statement is just not true. Saying it makes you a quack or a liar, and I don't really care which one Friedman was. He should have known better.
When you throw in something that is blatantly untrue, it tarnishes the entire argument. Someone of Friedman's stature should not have to resort to lies to make his point. Either he was completely careless in what he said, or he cared more for convincing than for reality. Either way, the quote destroys Friedman's credibility.
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