Milton Friedman: A Guide to His Economic Thought
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One of the great economists of the twentieth century, Milton Friedman has always challenged the prevailing economic orthodoxy. At the same time, his work has become popular because it is engagingly written and because it helps in practical prediction. Thanks to Friedman, money is now regarded as a far more powerful factor than it had been before. It offers the prospect of permanently controlling the inflation that has become the most important economic problem of our age.
Eamonn Butler’s clear, systematic, perceptive study deftly describes Friedman’s ideas and explains their significance. Starting with a short survey of Friedman’s career, Dr. Butler goes on to analyze the main elements in his thought, including the importance of monetary policy, the supply of money, the factors that influence demand, the causes and nature of inflation, and much more.
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Dr. Eamonn Butler is the director of the influential UK think tank, the Adam Smith Institute, where he has spent three decades privatizing state industries, reforming public administrations and instructing government leaders around the world on market economics. With degrees in Economics, Psychology and Philosophy from St. Andrews University, Dr. Butler is superbly qualified on the mechanics, mentality and morals of markets. His highly readable introductions to free-market thinkers including Adam Smith, Ludwig von Mises, and Nobel economists F. A. Hayek and Milton Friedman have won wide acclaim and been translated into many languages.
Jeff Riggenbach (1947-2021) narrated numerous titles for Blackstone Audio and won an AudioFile Earphones Award. An author, contributing editor, and producer, he worked in radio in San Francisco for more than thirty years, earning a Golden Mike Award for journalistic excellence.
