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Milton Friedman (1912-2006) was a libertarian economist who emphasized freedom.  He was the favorite economist of many conservatives (including Ronald Reagan), in part because nearly all other economists have been liberal.  Friedman was an early advocate of free choice in education, such that parents could spend their school tax dollars on the school of their choice.<ref>[http://www.ideachannel.tv/ "Free to Choose" (1980)]</ref>  Friedman received the 1976 Nobel Prize for economics.   

 

'''Milton Friedman''' (1912-2006) was a libertarian economist who emphasized freedom.  He was the favorite economist of many conservatives (including [[Ronald Reagan]]), in part because nearly all other economists have been liberal.  Friedman was an early advocate of free choice in education, such that parents could spend their school tax dollars on the school of their choice.<ref>[http://www.ideachannel.tv/ "Free to Choose" (1980)]</ref>  Friedman received the 1976 Nobel Prize for economics.   

In one celebrated case, Milton Friedman called a special meeting at the University of Chicago, where he taught, to prove that the [[Coase theorem]] was false.  But within two hours of discussion, Friedman had the intellectual courage and objectivity to reverse himself and admit that he was wrong and Ronald Coase was right.  Many lesser intellectuals can spend their entire lives refusing to admit that they were wrong about something.

In one celebrated case, Milton Friedman called a special meeting at the University of Chicago, where he taught, to prove that the [[Coase theorem]] was false.  But within two hours of discussion, Friedman had the intellectual courage and objectivity to reverse himself and admit that he was wrong and Ronald Coase was right.  Many lesser intellectuals can spend their entire lives refusing to admit that they were wrong about something.

:Most economic fallacies derive - from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

:Most economic fallacies derive - from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

[[Category:Scientists]]

[[Category:Scientists]]

[[Category:Economics]]

[[Category:Economics]]

[[Category:Nobel laureates in Economics]]

[[Category:Nobel laureates in Economics]]