A Quote by George Stigler

All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman.

George Stigler

Quote Topics

Economists Exceptions Great John Kenneth Milton Tall Two

Quote Author

George Stigler
American - Economist
January 17, 1911 - December 1, 1991

John Kenneth Galbraith and Marshall McLuhan are the two greatest modern Canadians that the U.S. has produced.

Anthony Burgess

I don't think that much change comes from economists. I think it comes more from political realities. Probably the two giants of the 20th century, who actually did shift government policy in the U.S. and around the world, were John Maynard Keynes and Milton Friedman. I don't see anybody in our system who is at that level of influence.

Adam Davidson

The oldest [John Kenneth] Galbraith rule is that when you hear that a new era has dawned, you should take cover.

John Kenneth Galbraith

I can't resist telling you that when the Vienna Economics Institute celebrated its centennial, many years ago, they invited, as their keynote speaker, my father [John Kenneth Galbraith]. The leading economists of the Austrian school- including von Hayek and von Haberler - returned for the occasion. And so my father took a moment to reflect on the economic triumphs of the Austrian Republic since the war, which, he said, "would not have been possible without the contribution of these men." They nodded - briefly - until it dawned on them what he meant. They'd all left the country in the 1930s.

James K. Galbraith

The myth of the inevitability of economic globalization is based largely on the work of Milton Friedman, and easily the most underreported story of our time is that the current economy proves Friedman flatly wrong.

Molly Ivins

Even as I pursued a doctorate in the history of ideas in my native Denmark, I realized I had neither the encyclopedic training nor the passion for cool logic - not to mention the nerve - to follow in the footsteps of classical liberal philosophers and economists such as Robert Nozick, Friedrich Hayek, and Milton Friedman.

Anne Fortier

With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets.

Steve Hanke

Milton Friedman. Friedman had a solid MV = PQ doctrine from which he deviated very little all his life. By the way, he's about as smart a guy as you'll meet. He's as persuasive as you hope not to meet.

Paul Samuelson

Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree.

Franco Modigliani

So many of the great thought leaders that have shaped economics - Gary Becker, Milton Friedman - what an unbelievable success story they've had in their field.

Kenneth C. Griffin

You want to prove that Milton Friedman is a fascist? It's easy. Quote him.

Arthur Laffer

Milton Friedman’s misfortune is that his economic policies have been tried.

John Kenneth Galbraith

Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.

John Kenneth Galbraith

Some years ago John Kenneth Galbraith wrote in an essay on his efforts at writing a history of economics: 'As one approaches the present, one is filled with a sense of hopelessness; in a year and possibly even a month, there is now more economic comment in the supposedly serious literature than survives from the whole of the thousand years commonly denominated as the Middle Ages ... anyone who claims to be familiar with it all is a confessing liar.' I believe that all physicists would subscribe to the same sentiments regarding their own professional literature. I do at any rate.

Abraham Pais

When I heard the book (Thomas Friedman's latest) was actually coming out, I started to worry. Among other things, I knew I would be asked to write the review. The usual ratio of Friedman criticism is 2:1, i.e., two human words to make sense of each single word of Friedmanese. Friedman is such a genius of literary incompetence that even his most innocent passages invite feature-length essays.