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Brittan on Friedman and the Austrians

Brittan on Friedman and the Austrians

In his obit, Samuel Brittan astutely notes the differences on method between Friedman and the Austrians.

Indeed, Friedman lived long enough to see a reaction against basing economics on discoverable numerical relationships and the revival of so-called Austrian methods which concentrated on predicting general features of interacting systems on the lines of biology and linguistics.
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