Wednesday, August 19, 2009

RIP: Rose Director Friedman

I was reading The Great Contraction, 1929-1933, by Milton Friedman and Anna Schwartz when Kate emailed and asked me to write a short obituary for Rose Director Friedman.

Rose was the half of the Friedmans, with whom Milton Friedman shared and voiced opinion on issues unrelated to price theory and monetary economics (Overtveldt, 2007). The two were the strong supporters for voucher system in education; voluntary army; profit under fair competition as firm's social responsibility; and negative income tax (or direct transfer for the poor). In short, individual freedom.

May she rest in peace.

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