The Essential Milton Friedman PDF
2019·2.2663 MB·other
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Milton Friedman was one of the most influential economists of all time. He revolutionized the way economists think about consumption, about money, about stabilization policy, and about unemployment. He demonstrated the power of committing oneself to a few simple assumptions about human behaviour and then relentlessly pursuing their logical implications. He developed and taught new ways of interpreting data, testing his theories by their ability to explain multiple disparate phenomena. His successes were spectacular and his techniques were widely emulated.
But Friedman’s influence extended beyond economists. To the public at large, he was the world’s foremost advocate for economic and personal freedom. In the United States, he helped to end the military draft, to broaden educational choice, and to change the regulatory climate. Worldwide, almost all central banks now follow policies that are grounded in Friedman’s insights and recommendations.
This book briefly summarizes Friedman’s extraordinary contributions to economic theory, economic practice, economic policy, and economic literacy.
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