“Friedman’s exposition is the best nonmathematical treatment I have seen… [T]his collection and elaboration of some of Friedman’s ideas is a very valuable supplement to standard graduate theory texts. I believe that the state of economic thought would be advanced by a wide reading of these notes.”
—Roger F. Miller, The American Economic Review
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About the Author
Milton Friedman is a senior research fellow at the Hoover Institution of Stanford University. Before that, he was Paul Snowden Russell Distinguished Service Professor of Economics at the University of Chicago. He has also taught at Columbia University, the University of Wisconsin, the University of Minnesota, and Cambridge University. Among his many books are Essays in Positive Economics, A Program for Monetary Stability, Capitalism and Freedom, A Monetary History of the United States, and The Optimum Quantity of Money.
Steven G. Medema is professor of economics at the University of Colorado, Denver. He is editor of Transaction’s Classics in Economics series.