November 19, 2006

Contrasting NY Times Obit Headlines: Galbraith vs. Friedman

Bolded words are mine:

April 30, 2006
John Kenneth Galbraith, 97, Dies; Economist Held a Mirror to Society

November 16, 2006
Milton Friedman, Free Markets Theorist, Dies at 94

Economist Friedman accomplished more in reality than Galbraith ever did in theory or in reality.

Cross-posted at


UPDATE, Nov. 20The Business & Media Institute (HT Ken Shepherd at NewsBusters) notes very different coverage of Galbraith and Friedman in the Washington Post at the time of their deaths. Guess who got more ink and favorable notice without any snark?



  1. Don’t you get sick of the bias of the dinosaur media as personified by the NYT? I know I do.

    Comment by Excelsior — November 20, 2006 @ 10:44 pm

  2. #1, they are slowly dying. NYT lost 3.5% of its subscribers in the 6 mos. ended Sept. 30. LAT and Boston Globe did worse.

    Comment by TBlumer — November 21, 2006 @ 12:58 am

  3. Regardless of the headline, by holding Friedman in the same light as Keynes and Samuelson the NYT is paying him a deep respect. The only issue I have with the article is asserting that the only policy intervention that the government should make is through the monetary system. I would counter that Friedman was ardently against monopolies as well.

    As far as newspaper subscriptions go, I think you are missing the real factor. These declines in print subscriptions are most likely due to the conversion of news subscribers from paper to internet.

    Comment by Kevin — November 21, 2006 @ 1:21 pm

  4. #3, yes he was against monopolies, and against businesses that sought out their own self-interest by restricting others’ freedom to compete. I think Samuelson is a strong economist. I think Keynes was overrated, or more that what he said was misused.

    I know that the net is hurting the print business, but newspapers not to the extent of the drops. I’d also like to see if people dropping the print newspapers are going to the related web sites for ther news. I tend to doubt it.

    Comment by TBlumer — November 21, 2006 @ 3:04 pm

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