In Praise of Plurality

There is evidence that multiculturality hampers economic development (ethnic diversity is shown to lead to corruption, poor quality of government and low redistribution to the poor). Despite this, I find the case for a plural society overwhelmingly convincing: who wouldn’t want to have instant (and free) access to the architecture, food and music of others, all of which have necessitated the accumulation of centuries of human experience?

Milton Friedman – Money and Economic Freedom

Everything reminds Milton Friedman of the money supply. Everything reminds me of sex, but I try to keep it out of my papers.

Robert Solow

Milton Friedman, who died yesterday at the age of 94, is one of the most influential economist ever. His contributions to Economics are numerous and far-reaching. Here are the main ones.