Milton Friedman

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Milton Friedman (1912-2006) was one of the most important 20th century advocates of libertarian and conservative ideas in academia and amongst the wider public. He made a critical contribution to the development of the free market and monetarist economics that challenged the dominant interventionist and Keynesian paradigm throughout the developed world. His books, popular writings, and television programmes, were crucial to the public understanding of the role of the market in the promotion of human freedom and well-being. This outstanding sets out Friedman's intellectual contribution to economic methodology and our understanding of a host of economic phenomena, including the relationship between consumption and income, the workings of flexible exchange rates, and the relationship between inflation and the supply of money in the economy. Dr Ruger also sets out Friedman's contribution to political theory, discussing Friedman's work on the relationship between economic and political freedom, the social responsibilities of business, and the proper relationship between the individual and the state, particularly in the context of conscription, drug prohibition and discrimination.

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A fine intellectual biography of Milton Friedman...an excellent summary of a large corpus of sometimes quite technical material, and, to the author's credit, he somehow manages to do it in plain English and without using a single equation, graph, or chart. The result is a highly readable account that really can be understood by the proverbial 'educated layman'. -- Journal of Markets & Morality, Volume 14

Author Bio

William Ruger is an Assistant Professor in the Department of Political Science at Texas State University-San Marcos, USA. He is also a Research Fellow in Foreign Policy Studies at the Cato Institute and the Book Review Editor for Armed Forces and Society.