Economics is full of amazingly untold, spirited stories. Paul volka was a diminutive person but his intellect towered. Nixon knew that you could not fix prices and wages in any case. And yet he said: "I'll do it because the public wants it"
Journalist and author Nicholas Wapshott talks about his book Samuelson Friedman with EconTalk host Russ Roberts. Milton Friedman and Paul Samuelson were two of the most influential economists of the last century. They competed for professional acclaim and had very different policy visions. The conversation includes their differences over the work of Keynes, their rivalry in their columns at Newsweek, and a discussion of their intellectual and policy legacies.