The economists who dominate graduate school education have a lot they could learn about how to provide competent economic explanations from the most recent winner of the Nobel Prize in economics.
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My interest in public policy and political philosophy was rather casual before I joined the faculty of the University of Chicago. Informal discussions with colleagues and friends stimulated a greater interest, which was reinforced by Friedrich Hayek’s powerful book _The Road to Serfdom_, by my attendance at the first meeting of the Mont Pelerin Society in 1947, and by discussions with Hayek after he joined the university faculty in 1950. — Milton Friedman
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