The Lonely Battle of Milton Friedman
As I delved into a reference in Michael Hirsh’s book, Capital Offense: How Americaâs Wise Men Turned Americaâs Future Over to Wall Street (2010), I stumbled upon intriguing passages about the renowned economist Milton Friedman. Hirsh’s account sheds light on the challenging journey of Friedman, particularly during the tumultuous years of the Cold War.
In one striking passage, Hirsh describes Friedman as a leader of a maverick insurgency, often isolated and condemned even within the academic circles of the University of Chicago. The author narrates instances where Friedman faced ostracism, with no one willing to dine with him in the faculty dining room and his works relegated to the bottom shelf in the campus bookstore, overshadowed by Marxist propaganda.
Despite his intellectual prowess and groundbreaking ideas, Friedman encountered resistance and hostility from his peers, especially during the rise of the counterculture movement in the 1960s. He was labeled an oddity and faced protests during his speaking engagements at other colleges, forcing him to enter through the kitchen to avoid confrontation.
Reflecting on those challenging times, Friedman’s colleague Gary Becker recalls the difficulties faced by Chicago graduate students in securing placements at esteemed institutions on the East and West Coasts, where Friedman’s ideas were deemed extreme and unwelcome.
The enduring impact of this isolation is evident in Friedman’s later reflections, where he candidly expressed the climate of opinion prevalent in academia during the mid-20th century. The long years in the ideological wilderness left a lasting impression on Friedman, shaping his views on academic conformity and intellectual freedom.
This narrative resonates with a personal anecdote shared by author Michael Prime and economist Clancy Smith, who visited Friedman at his Vermont home in September 1968. Amidst discussions on government policies and societal challenges, Friedman’s reminiscence of the totalitarian mindset dominating academia in the late 1940s serves as a poignant reminder of his enduring battle for intellectual independence.
While the quote from Hirsh’s book may have inaccuracies in the timeline, the essence of Friedman’s struggle against prevailing dogmas and intellectual conformity remains a testament to his unwavering commitment to free-market principles and individual liberty.
