Life Goodnight, Milt
posted by on November 16 at 12:45 PM
Milton Friedman, the laissez-faire economist and spiritual father of the Chicago School, has cashed in his options. (Full story here.)
There’s a lot to say about the man: His rejection of Keynesianism, his conservative anti-statism, the whole Pinochet thing. For now, let’s admire the fact that he lived as he taught, and credited his life and fortune to laissez-faire happenstance:
Friedman attributed his success to “accidents”: the immigration of his teenage parents from Czechoslovakia, enabling him to be an American and not a citizen of a Soviet bloc state; the skill of a high-school geometry teacher who showed him a connection between John Keats’s “Ode on a Grecian Urn” and the Pythagorean theorem, allowing him to see the beauty in the mathematical truth that the square of the sides of a right triangle equals the square of the hypotenuse; the scholarship to Rutgers, where he had Arthur Burns and Homer Jones as teachers.
In his first economic-theory class at Chicago, Friedman was the beneficiary of another accident - that his last name began with an “F.” The class was seated alphabetically, and he was placed next to Rose Director, a master’s degree candidate from Oregon. That seating arrangement shaped his whole life, he said. He married Director six years later. She became an important economist in her own right, then helped Friedman form his ideas and maintain his intellectual rigor.
Also notable: His name is an anagram for “a mint field morn” and “Lenin mad for Tim.”
More anagrams:
firm dino lament
manifold minter
ram in noted MILF
mom left in nadir
dare to limn in FM
I named my cat after him.
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