I think that no forms of social interaction—including religion, love, crime, and fertility choice—are immune from the power of economic reasoning. Nothing Is Sacred (2002)
For me, a key lesson is that Friedman’s influence was achieved mainly through the force of ideas, not by direct participation in the policy process. Nothing Is Sacred (2002)
One hypothesis about the delay for the award is that the prize committee realizes that recipients tend to shirk once they get the prize. This consideration was particularly important in Gary’s case because he had continued to exhibit high productivity. Thus, the drop in output caused by an early prize for Gary might have had severe adverse consequences for economic research. Nothing Is Sacred (2002)