David D. Friedman
David Director Friedman
February 12, 1945
|Institution||Santa Clara University|
|Chicago school of economics|
|Alma mater||Harvard University (BA) |
University of Chicago (PhD)
|Influences||Ronald Coase, Friedrich Hayek, Robert A. Heinlein, Milton Friedman, Rose Friedman, Adam Smith, Richard Timberlake, Alfred Marshall|
|Contributions||The Machinery of Freedom|
|Information at IDEAS / RePEc|
David Director Friedman (born February 12, 1945) is an American economist, physicist, legal scholar, and libertarian theorist. He is known for his textbook writings on microeconomics and the libertarian theory of anarcho-capitalism, which is the subject of his most popular book, The Machinery of Freedom. Besides The Machinery of Freedom, he has authored several other books and articles, including Price Theory: An Intermediate Text (1986), Law's Order: What Economics Has to Do with Law and Why It Matters (2000), Hidden Order: The Economics of Everyday Life (1996), and Future Imperfect (2008).
David Friedman is the son of economists Rose and Milton Friedman. He graduated magna cum laude from Harvard University in 1965, with a bachelor's degree in chemistry and physics. He later earned a master's (1967) and a Ph.D. (1971) in theoretical physics from the University of Chicago. Despite his later career, he never took a class for credit in either economics or law. He is currently a professor of law at Santa Clara University, and a contributing editor for Liberty magazine. He is an atheist. His son, Patri Friedman, has also written about libertarian theory and market anarchism, particularly seasteading.
In his book The Machinery of Freedom (1973), Friedman sketched a form of anarcho-capitalism where all goods and services including law itself can be produced by the free market. Friedman advocates an incrementalist approach to achieve anarcho-capitalism by gradual privatization of areas that government is involved in, ultimately privatizing the law itself. In the book, he states his opposition to violent anarcho-capitalist revolution.
He advocates a consequentialist version of anarcho-capitalism, arguing for anarchism on a cost-benefit analysis of state versus no state. It is contrasted with the natural-rights approach as propounded most notably by economist and libertarian theorist Murray Rothbard.
Friedman is a longtime member of the Society for Creative Anachronism, where he is known as Duke Cariadoc of the Bow. He is known throughout the worldwide society for his articles on the philosophy of recreationism and practical historical recreations, especially those relating to the medieval Middle East. His work is compiled in the popular Cariadoc's Miscellany. He is sometimes credited with founding the largest and longest-running SCA event, the Pennsic War; as king of the Middle Kingdom he challenged the East Kingdom, and later as king of the East accepted the challenge...and lost.
Much is made in libertarian circles of the division between 'Austrian' and 'Chicago' schools of economic theory, largely by people who understand neither. I am classified as 'Chicago'.