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Milton Friedman: A concise guide to the ideas and influence of the free-market economist (Harriman Economic Essentials) [Kindle Edition]

4.7 out of 5 stars  See all reviews (7 customer reviews)

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Book Description

"One of the most important economic thinkers of all time..."
- Paul Krugman

Milton Friedman changed the world. From free markets in China to the flat taxes of Eastern Europe, from the debate on drugs to interest rate policy, Friedman's skill for vivid argument and ideas led to robust and often successful challenges to a dizzying array of status quos.

Relying on big-picture economic analysis and an insistent faith in human freedom, he took on the economic and political orthodoxies of his day - and if he didn't always win, he never failed to change the terms of the debate.

Rarely an uncontroversial figure, with his disciples and detractors to this day, this is neither a credulous nor a critical look at the Nobel laureate. A brand new guide, it simply sets out to explain his economic and public policy thinking in a straightforward and accessible way for the general reader and student.

Find out:

- how Friedman undermined Keynesianism and the prevailing wisdom of large-scale economic intervention
- how he demonstrated the true cause of the Great Depression and identified its real culprits (they weren’t the ones jumping out of the windows)
- what Friedman believed really destroys the value of the money in your pocket and how it can be stopped
- his arguments for why regulations and minimum- wage laws actually achieve lower standards and greater poverty
- his reasons for why big corporations prefer markets that aren’t free, and how high taxation harms the wealthy less than anyone else.

"There's no such thing as a free lunch."
- Milton Friedman

With more, too, on democracy, equality, global trade, education, public services and financial crises, this is a concise but comprehensive guide to the influence of a key 20th century thinker.

It is a must-read for anyone who wants to know more about the economist whose work changed everything.

Editorial Reviews

About the Author

Eamonn Butler is director of the Adam Smith Institute, rated one of the world's leading policy think-tanks. He has degrees in economics, philosophy and psychology, gaining a PhD from the University of St Andrews in 1978. During the 1970s he worked on pensions and welfare issues for the US House of Representatives, and taught philosophy in Hillsdale College, Michigan, before returning to the UK to help found the Adam Smith Institute. Eamonn is author of books on the pioneering economists F A Hayek, Ludwig von Mises and Adam Smith. He is also co-author of Forty Centuries of Wage and Price Controls, and of a series of books on intelligence testing. Eamonn contributes to the leading UK print and broadcast media on current issues, and his recent popular books The Best Book on the Market, The Rotten State of Britain and The Alternative Manifesto have attracted considerable attention.

Product Details

  • File Size: 360 KB
  • Print Length: 163 pages
  • Publisher: Harriman House (April 25, 2011)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ISBN-10: 085719125X
  • ISBN-13: 978-0857191250
  • ASIN: B004TR19CI
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #164,235 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

4.7 out of 5 stars
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Most Helpful Customer Reviews
12 of 13 people found the following review helpful
5.0 out of 5 stars Friedman 101. August 29, 2003
I was drawn back to Eamonn Butler's 1985 book while working my way through the latest venture by Brian Snowdon and Howard Vane. Almost twenty years after the publication it still seems as fresh as ever and should still be considered the best introductory work about Milton Friedman particularly for the student.
Given the advances in macroeconomics which have taken place since the 1970s, an era now fading away thankfully into distant memory, it is not surprising that concerns about money continue to dominate the debate. World events, such as deflation in Japan and the tremendous efforts by Federal Reserve Governor Greenspan to prevent such an occurrence in the United States, continue to place the Friedman analysis and theory at the centre of the ongoing discussion.
This magnificent little book has at it's centrepiece Friedman's work on Monetary Theory. Butler, writing from the position of a fellow free-marketeer does an outstanding job restraining his infectious free market self to provide an exemplary elucidation of Milton Friedman's writings and how they overcame sustained attack from the Keynesian orthodoxy to establish themselves as a counter-revolution. He does not assume much prior knowledge of the reader but seeks to establish with remarkable clarity Friedman's position and how he got there. He certainly does real justice to the nature of the attacks and examines their arguments carefully. Fairness is a good description of his approach. He is not afraid to bring in criticism from the Austrian school to show that attacks on Friedman's work are not only from the left.
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5.0 out of 5 stars Great summary of Milton Friedman's ideas January 4, 2015
Format:Kindle Edition|Verified Purchase
The author gives a great overview of Milton Friedman's ideas and includes plenty of quotes from Friedman's own works. This is a great introductory book and will certainly get readers excited to explore Friedman's economic theory in more detail.
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5.0 out of 5 stars very well written. wonder why the current white house ... December 10, 2014
Format:Kindle Edition|Verified Purchase
very well written. wonder why the current white house wants to use tried and failed policies unless he wants to change to socialism.
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1 of 2 people found the following review helpful
4.0 out of 5 stars Prosperity as imagined by Milton Friedman. August 2, 2014
Format:Kindle Edition|Verified Purchase
It clearly explains the economic view of pure capitalism, a philosophy which leaves little room for compassion and almost totally blind to the power of greed and pure selfishness.
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