Word: friedmanly
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Selection committee officials made plain that the Nobel deliberations took no notice of recent attacks on Reaganomics by Tobin, a longtime opponent of the monetarist school of Milton Friedman, who received the Nobel Prize in 1976. Rather, they said, the $181,818 prize was awarded for Tobin's career-long academic contributions to economic science. Chief among these is Tobin's belief that money (cash and bank deposits) should not be sharply distinguished by economists from other financial and physical assets. Instead, Tobin views money as only one part of "a continuous spectrum of assets" that...
...reached at the more recent meeting, except one to extend the deadline for the commission's recommendations from Oct. 7 of this year to next March 31. Most of the four-hour session was devoted to discussion of a leaden report by Anna Schwartz, coauthor with Economist Milton Friedman of a classical study of U.S. monetary history, on the American experience with the gold standard going back...
Sowell's positions are anathema to many blacks, and he has few supporters among black scholars. Cornell Political Economist Manning Marable, for instance, dismisses him as an "ebony version of Milton Friedman." Indeed, Sowell studied under Nobel Prizewinner Friedman at Chicago, and many of his positions bear a free-market stamp: forced school busing is insulting and destructive to blacks as well as whites. Affirmative action and quotas, with their accompanying threat of antidiscrimination suits by those who do not win promotions, lead employers to hire only the safest risks-the most talented and credentialed members of minority groups...
...made for television and television knew it. Said Steve Friedman, executive producer of NBC's Today show: "We have a beautiful princess, a royal wedding, a glorious sight, all overlaid with the threat of violence." To capture this perfect script, TV journalists plotted their coverage for months, haggling over camera position, importing tons of equipment, steeping correspondents in royal arcana...
...Friedman said he thought the 15-per-cent proposal would have been a "better idea...