While Sowell & Williams are excellent, I don't think they have the ability to rise to the level of public awareness that Friedman had.
"The Philosophy" needs a new high profile Champion to reach the general public and have an impact on business and government like Friedman did.
Sowell & Williams tend to Preach to the Choir.
We need a high profile, "Economic Billy Graham" and I don't know who that's going to be.
Yes, I agree.
I didn't mention this as some might think it a "swipe" at Messrs. Sowell and Williams, but even they would agree that they are not economists of the rank of the magnificent Friedman whose brilliantly original technical work led to his being awarded the second Nobel Prize ever given for the Economic Sciences.
Paul Samuelson received the first for his Foundations of Economic Analysis
(not to be confused with his famous textbook!) which revolutionized the methods
of economics. Friedman's masterwork, A Monetary History of the U.S
., revolutionized the understanding
of the macroeconomy. It should be noted that Samuelson's masterwork preceded Friedman's by about a decade.
BTW: the great Lord Keynes said shortly before his death "I am not a "Keynesian
"! Friedman and Keynes are, in error, often thought of as philosophical opponents. That is simply not the case. In fact, I use this quote from Keynes under my e-mail "signature":
"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens
--John Maynard Keynes
Friedman (and Sowell & Williams) would be first to agree!