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Bright Promises, Dismal Performance: An Economist's Protest Paperback

ISBN-13: 978-0156141611 ISBN-10: 0156141612 Edition: Trade ed

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Bright Promises, Dismal Performance: An Economist's Protest + Capitalism and Freedom: Fortieth Anniversary Edition + Free to Choose: A Personal Statement
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Product Details

  • Series: Harvest/HBJ Book
  • Paperback: 404 pages
  • Publisher: Mariner Books; Trade ed edition (May 31, 1983)
  • Language: English
  • ISBN-10: 0156141612
  • ISBN-13: 978-0156141611
  • Product Dimensions: 8.6 x 5.5 x 1 inches
  • Shipping Weight: 14.4 ounces (View shipping rates and policies)
  • Average Customer Review: 4.8 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #798,545 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

Milton Friedman is a senior research fellow at the Hoover Institution, Stanford University, and the Paul Snowden Distinguished Service Professor Emeritus of Economics at the University of Chicago. In 1976 he was awarded the Nobel Prize in economics. He has written a number of books, including two with his wife, Rose D. Friedman—the bestselling Free to Choose and Two Lucky People: Memoirs, the latter published by the University of Chicago Press.

More About the Author

Milton Friedman is a senior research fellow at the Hoover Institution, Stanford University, and the Paul Snowden Distinguished Service Professor Emeritus of Economics at the University of Chicago. In 1976 he was awarded the Nobel Prize in economics. He has written a number of books, including two with his wife, Rose D. Friedman---the bestselling Free to Choose and Two Lucky People: Memoirs, the latter published by the University of Chicago Press.

Customer Reviews

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18 of 18 people found the following review helpful By Jerry H. Tempelman on December 23, 2004
Format: Paperback
This is the third and final edition of a collection of Milton Friedman's Newsweek columns which ran from the mid 1960s through the early 1980s, along with a few other things such as Friedman's interview in Playboy, February 1973, and a few newspaper articles. The columns in this volume ran from 1975-1982. In addition, there are three particularly timeless columns from an earlier period (on the case for a monetary rule and on the negative income tax), as well as the Playboy interview. The contents covers Friedman's usual repertoire about monetary policy, fiscal policy and taxation, government regulation, and international economics.

Part of Friedman's brilliance is his ability to explain advanced economic concepts to general readers without "dumbing down" the substance. Still, the bulk of the material appears in slightly better organized fashion in the book Free to Choose, which Friedman wrote together with his wife Rose, and which appeared in 1980. You may first want to read Capitalism and Freedom and Free to Choose. If you want more Friedman at that point, this makes for a great collection, although much of it may sound repetitive after reading Free to Choose.
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3 of 3 people found the following review helpful By Joy Schwabach on September 19, 2008
Format: Paperback Verified Purchase
No one tells it like it is better than Nobel Laureate Milton Friedman. His Newsweek columns and Playboy interview will open your eyes. Here's a sample: "If we'd had minimum wage laws and all the other trappings of the welfare state in the nineteenth century, half the readers of Playboy would either not exist at all or be citizens of Poland."

Some things have improved since he wrote those words, but that's thanks largely to the free market principles he's espoused. You'll find no better guide to today's political scene than Friedman's writings, whether here or in his excellent books "Free to Choose," and "Capitalism and Freedom."
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1 of 1 people found the following review helpful By Steven H. Propp TOP 100 REVIEWER on February 16, 2012
Format: Paperback
Milton Friedman (1912-2006) was an American economist who taught at the University of Chicago (and was the leader of the "Chicago school"); he received the Nobel Prize in Economics in 1976, and wrote/cowrote books such as A Monetary History of the United States, 1867-1960, Money Mischief: Episodes in Monetary History, Free to Choose, Capitalism & Freedom: A Leading Economist's View of the Proper Role of Competitive Capitalism, Tyranny of the Status Quo, etc.

He wrote in the Preface to this 1983 book, "When my... publisher... pressed me for permission to bring out an updated collection of my columns for Newsweek, I was amazed to find that I have written more than 275 columns since starting my tri-weekly column in 1966---half of them since an earlier collection (There's No Such Thing as a Free Lunch)... was completed. I recalled with amusement my initial concern that I would soon run out of subjects to write about. No such thing. The problem has rather been an embarrassment of riches generated by the course of events... The same principles and fallacies recur, always in a new and frequently deceptive guise.
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Format: Paperback Verified Purchase
As a practicing academic economist, I have always admired Milton Friedman. Undoubtedly, two giants among the elite field of Nobel Prize winning economists were Milton Friedman and Paul Samuelson. This book is a compendium of Friedman's work meant for non-specialist. They include an interview with Playboy and numerous letters to papers. In one sense, the topics of these pieces are dated (many involve the oil crises and windfall tax). However, in other ways the writings are timeless. For example, Friedman's discussion of the difference between investing $50,000 in plant and equipment versus $50,000 for a taxi medallion remains salient to this day. One striking factor in all the presentations is the minimum level complexity. None of the descriptions are Rube Goldberg machines. This simple development of the economic concepts makes the book valuable to both laymen and academic economists.
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