Commenting here, IndianaJim asks my list of top-ten economists of all time. It's a difficult list to compile, but here goes – with a bit of fudging at the end:
1. F.A. Hayek
2. Adam Smith
3. James M. Buchanan
4. Armen Alchian
5. Ronald Coase
6. Harold Demsetz
7. Julian Simon
8. Milton Friedman
9. Frederic Bastiat
10t.* Joseph Schumpeter
"t" means "tentative." Other candidates for this coveted No. 10 slot are J.-B. Say, Carl Menger, Knut Wicksell, Philip Wicksteed, Alfred Marshall, Frank Knight, Aaron Director, and Gordon Tullock.
Published on January 22, 2011 07:53