Celebrating the centennial of Milton Friedman's birth
Not generally given to "hero worship", I have only two autographed photos in my office; one was given me by Milton Friedman in 1975. I am privileged to have been a student of his.
Just as the writings of John Maynard Keynes dominated economic thought in the first half of the 20th. Century, Friedman's work dominated the latter half and continues today to influence any number of matters both great and small.
Sadly, it is not common for great economists also to be great teachers and communicators. Happily, Friedman was a glowing exception. Here, he uses a simple pencil to illustrate how markets and prices work; enjoy! http://www.youtube.com/watch?v=4ERbC7JyCfU