''One of the most important economic thinkers of all
time''. (Paul Krugman). Milton Friedman changed the
world. From free markets in China to the flat taxes of
Eastern Europe, from the debate on drugs to interest
rate policy, Friedman's skill for vivid argument and
ideas led to robust and often successful challenges to a
dizzying amount of received wisdom. Relying on
big-picture economic analysis and an insistent faith in
human freedom, he took on the economic and political
orthodoxies of his day - and if he didn't always win, he
never failed to change the terms of the debate. Rarely
an uncontroversial figure, with his disciples and
detractors to this day, this is neither a credulous nor
a critical look at the Nobel laureate. A brand new
guide, it simply sets out to explain his economic and
public policy thinking in a straightforward and
accessible way for the general reader and student.Find
out: how Friedman undermined Keynesianism and the
prevailing wisdom of large-scale economic intervention;
how he demonstrated the true cause of the Great
Depression and identified its real culprits (they
weren't the ones jumping out of the windows); what
Friedman believed really destroys the value of the money
in your pocket and how it can be stopped; his arguments
for why regulations and minimum-wage laws actually
achieve lower standards and greater poverty; and, his
reasons for why big corporations prefer markets that
aren't free, and how high taxation harms the wealthy
less than anyone else. With more, too, on democracy,
equality, global trade, education, public services and
financial crises, this is a concise but comprehensive
guide to the influence of a key 20th century thinker. It
is a must-read for anyone who wants to know more about
the economist whose work changed everything. |
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