The Essential Milton Friedman (Essential Scholars) by Steven E. Landsburg


The Essential Milton Friedman (Essential Scholars)
Title : The Essential Milton Friedman (Essential Scholars)
Author :
Rating :
ISBN : -
Format Type : Kindle Edition
Number of Pages : 82
Publication : Published December 8, 2019

When economists are called “influential,” it usually means they’ve changed the way other economists think. By that standard, 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.
It would take several large volumes to do justice to Friedman’s extraordinary contributions to economic theory, economic practice, economic policy, and economic literacy. Th e few brief chapters that follow will give an overview of what those volumes might contain.


The Essential Milton Friedman (Essential Scholars) Reviews


  • T

    Milton's face depicts how I felt after finishing this shoddy propaganda piece...

  • Mercedé Khodadadi  مرسده خدادادی

    I translated this book into Persian. It will be published soon.

    What I like about the essential series by Fraser Institute is you don't need to have deep academic knowledge of economics. You can read the book, enjoy it, understand it and get to know the essential character the book is talking about.

    Mercedé Khodadadi
    24 July 2021
    (2 Mordad 1400)

  • Pete

    The Essential Milton Friedman (2019) by Steven Landsburg is a short summation of Friedman’s life and work. It’s more than a wikipedia page but far less than even most books at 54 pages. Landsburg is a professor of economics at the University of Rochester. He’s a big fan of Friedman and also knew him. This book also seems to be free or very cheap most of the time. It’s part of a series by the Fraser Institute on pro-market economists.

    This book is worth a read for anyone looking to get a handle on Friedman’s ideas and his contributions. Friedman’s book “Capitalism and Freedom” and “Free to Choose” are also both very readable but are longer.

    There are chapters on Monetary Policy, Friedman’s emphasis on price theory and on Friedman’s work as a popular intellectual. Friedman’s contributions and ideas about drug decriminalization, the volunteer army, education vouchers, central banks targeting a low level of inflation and other topics are well covered for such a short book.

    It was really interesting to see that Friedman very much emphasized thinking about economics in terms of questions about how people and firms react rather than referring to older economic theory the way that economics was taught by others at the time.

    The Essential Milton Friedman is well worth a read for anyone looking for an overview of Friedman’s ideas.

  • Tomáš Kreuzinger

    A respectable summary which gives peculiar insights into the change in governmental policy based on the Chicago school shift in the 1970s and the subsequent deregulation era lasting roughly from 1982-2008. Bits and pieces of the review had felt way simplistic and a bit too biased against the past thinkers such as Keynes but apart from that, it is definitely a worthy read if you're trying to get into the basics of economy and economic thinking.

  • Adrian Hunt

    Straight forward introduction to the thinking of Milton Friedman, laying out the main strands of his thought in a clear and coherent manner.

  • Steffenh

    A short but insightful overview of Milton Friedmans work and intellectual legacy by one of the most prolific contemporary economics writer.