End of the Free Lunch (April 1963)

Fred Shapiro fred.shapiro at YALE.EDU
Fri Mar 9 18:23:32 UTC 2001

On Fri, 9 Mar 2001, George Thompson wrote:

> This is a very interesting tidbit Barry has posted.  There's no doubt
> that Prof. Friedman would be more familiar with practices at stock-
> holders meetings than in low taverns at the turn of the 19th century,
> and also that he would have been interested in pointing out to
> stock-holders that the "free" lunch they were grousing about no longer
> receiving had been paid for with money that otherwise might have been
> added to their dividends.

"There's no such thing as a free lunch" seems to have been well known
among economists by the 1930s.  Its origins seem to be more academic than


Fred R. Shapiro                             Editor
Associate Librarian for Public Services     YALE DICTIONARY OF QUOTATIONS
  and Lecturer in Legal Research            Yale University Press,
Yale Law School                             forthcoming
e-mail: fred.shapiro at yale.edu               http://quotationdictionary.com

More information about the Ads-l mailing list