Jamal Awil

← Nine Lives of Neoliberalism

Fewer than 5 percent of economists worldwide shared his opinion. [fact]

When Milton Friedman published his article calling for flexible exchange rates in 1953, fewer than 5 percent of economists worldwide shared his opinion; by the end of the 1960s, approximately 90 percent of economists did, and they were joined by powerful figures within government and the banking community.

Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, loc. 440