ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Milton Friedman: The Great Laissez-faire Partisan

Despite the impact that he had on economic policy in the 1960s and 1970s, today the global economic scenario is such that Friedman's "hands-off minimalist" model could have dire consequences for the stability of economies. But in a sense, Friedman is the economist who lost the battle but ended up winning the war, convincing western society to adopt his view of the world.

M ilton Friedman died on November 16, 2006, aged 94. As many have noted, Friedman was perhaps the most influential economist of the second-half of the 20th century. Not only did he contribute to reviving belief in the economic efficacy of the market system, he also had a profound political impact through his linking of capitalism and freedom in his famous book of the same title.

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