There’s no accounting for national tastes. Cinema critics in France, we are informed, consider the slapstick films of Jerry Lewis to be artistic triumphs. In similar fashion, American wit and raconteur John Kenneth Galbraith is apparently viewed in England as a major economist, and is invited in that capacity to address the most distinguished gatherings and to host TV serials on economics.
This quirk of cultural relativism led puzzled students of such matters at the Institute for Economic Affairs in London to ask an authentic American economist, Nobel laureate Milton Friedman, to examine the Galbraith phenomenon before a British audience. The resulting discussion appears in printed form as Friedman on Galbraith, published in England by the IEA and made available on this side of the Atlantic by the Fraser Institute of Canada (626 Bute Street, Vancouver, British Columbia, V6E 3M1; $3.95).




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