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David Glasner's avatar

Thanks, David, for linking to my post about Earl. Earl influenced my thinking in a lot of different ways, and one of the two or three most important was to reject your father's Monetarism. Did you and Earl talk much about your father while you were at UCLA? Another interesting little fact, given your physics background, is that my cousin Robert Wald arrived at the U of C physics department at just about the same time that your father left Chicago for Stanford/Hoover. Bob's father was the great Abraham Wald with whom your father worked, along with George Stigler, Allen Wallis et al. during WW2 in the Statistical Research Group at Columbia University. If Wald had not died tragically in a plane crash in 1950, he might well have received two Nobel Prizes in economics, just for his pre-1950 contributions, one for the first existence proof of GE and another for pioneering work in statistics and econometrics.

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Osborne, Evan W.'s avatar

Dear Prof. Friedman,

I was a TA in Earl Thompson’s intermediate-macro class for one year, two semesters at UCLA.min the early 1990e. In presenting the IS/LM model and its deficiencies (as he did for much of the term) he often nodded to me (attendance by his TA was required) as a representative of the unimaginative mainstream, and said something like “like this guy.” I knew he was doing it to help his students learn his unique macro ideas, and we would always joke about it later while I was grading the exams.

Was he a genius? If that means “eventually accepted by all, even though no one initially does,” maybe not; the jury is still out. But if that means “full of new ideas that are shockingly new and yet not obviously wrong” then he most certainly was.

I was sorry to hear he died so young. They certainly broke the economist mold when they made him.

Evan Osborne

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