Milton Friedman is one of the most famous economists in history. His writings and theories on everything from capitalism and freedom to deregulation and welfare have inspired movements, influenced government policies, and changed the course of America’s economic history.
Now, acclaimed Friedman biographer Dr. Lanny Ebenstein brings together twenty of Friedman’s greatest essays in his new book, The Indispensable Milton Friedman: Essays on Politics and Economics. The only collection of Friedman’s writings to span his entire career, The Indispensable Milton Friedman: Essays on Politics and Economics features some of Friedman’s never-before-republished writings as well as the best and most timeless of his works.
These exceptional essays not only illuminate the progression of Friedman’s thought, but explain how America might overcome some of its most difficult challenges. Broken into two sections, politics and economics, The Indispensable Milton Friedman shows how we can ultimately turn America around, and is more necessary than ever during this critical election year and time of economic uncertainty.
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About the Author
DR. LANNY EBENSTEIN teaches the history of economic thought at the University of California, Santa Barbara. He has authored biographies of Milton Friedman and Friedrich Hayek, and his work has been translated into a number of foreign languages. He has appeared on C-SPAN’s Booknotes, and his writings have been published by National Review and Nature. An adjunct scholar at the Cato Institute, Dr. Ebenstein is president of the California Center for Public Policy, and served two terms on the Board of Education in Santa Barbara.
Table of Contents
Part 1 Politics
1 Neo-Liberalism and its Prospects (1951) 3
2 Liberalism, Old Style (1955) 11
3 Schools at Chicago (1974) 25
4 Adam Smith's Relevance for 1976 37
5 Introduction to Republication of the New Individualist Review (1981) 53
6 The Tide in the Affairs of Men (1988) 59
7 An Open Letter to Bill Bennett (1989) 77
8 How to Cure Health Care (2001) 81
9 Fortieth Anniversary Preface to Capitalism and Freedom (2002) 103
10 My Five Favorite Libertarian Books (2002) 107
11 School Choice: A Personal Retrospective (2006) 111
Part 2 Economics
12 Wesley C. Mitchell as an Economic Theorist (1950) 117
13 Leon Walras and his Economic System (1955) 133
14 The Monetary Theory and Policy of Henry Simons (1967) 149
15 The Counter-Revolution in Monetary Theory (1970) 167
16 Horner Jones: A Personal Reminiscence (1976) 191
17 The Keynes Centenary: A Monetarist Reflects (1983) 197
18 Freezing High-Powered Money (1984) 207
19 George Joseph Stigler (1993) 213
20 Reflections on a Monetary History (2004) 229
Appendix Commanding Heights Interview (2000) 233
Original Publication Information 255