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I knew Milton Friedman. As a student I found his Capitalism and Freedom (1962) breathtaking in its originality – an exhilarating libertarian alternative to the prevailing mood. So I was thrilled to meet him at the 1974 conference of the Mont Pelerin Society – the international association of free-market, liberal thinkers which he co-founded – and again a year later at the next conference in my own university of St Andrews, and at many other events over the next 30 years.

In 1978 Friedman spoke at one of the first meetings of the Adam Smith Institute, the free-market think-tank of which I am director. And in 1985 I wrote a book outlining his economic theories in simple language – a book about which he was very kind, and characteristically encouraging.