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"For admirers and critics alike, this book appears to be an admirable introduction to one of the most important economists of our time."- Wealth Briefing21st June 2011

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Milton Friedman A concise guide to the ideas and influence of the free-market economist By: Eamonn Butler Format: Print Edition ISBN: 9780857190369 Published: 25 April 2011
 
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  • "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
    - 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.
    "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 econo...
  • About the author

    Introduction
    A timeline of Milton Friedman's life and work

    1. The economist who changed everything
    Worldwide influence
    The making of an economist
    The public intellectual

    2. How to end financial crises
    The false trust in governments
    A better explanation
    Lessons for today

    3. Curing inflation and unemployment
    The disease of inflation
    Other explanations of inflati...
    About the author

    Introduction
    A timeline of Milton Friedman's life and work

    1. The economist who changed everything
    Worldwide influence
    The making of an economist
    The public intellectual

    2. How to end financial crises
    The false trust in governments
    A better explanation
    Lessons for today

    3. Curing inflation and unemployment
    The disease of inflation
    Other explanations of inflation
    Inflation versus unemployment?
    How to control inflation
    How not to control inflation

    4. A bonfire of controls
    Free people and free trade
    Setting currencies free
    The poverty of regulation

    5. The failure of government
    The role of government
    Why governments fail
    The fraud of government
    A different approach

    6. The merits of markets
    Friedman on markets
    Diversity, not discrimination
    Markets help ordinary people

    7. Freedom and equality
    The quest for equality
    Why freedom works
    The importance of personal freedom
    Friedman's view of humankind

    Further reading
    Index
  • Dr Eamonn Butler is director of the Adam Smith Institute, a London-based think-tank dealing in market economic policy. He has an MA in Economics and Psychology from the University of St. Andrews, and PhD in Philosophy from St. Andrews.

    Dr Butler's most recent books include The Best Book on the Market (Capstone, 2008), Milton Friedman (Harriman House, 2011), Adam Smith: A Primer (Institute of Economic Affairs, 2007) and Rotten State of Britain (Gibson Square, 2009). Earlier books include Ludwig von Mises: Fountainhead Of The Modern Microeconomics Revolution, Gower, 1988) and Forty Centuries ...
    Dr Eamonn Butler is director of the Adam Smith Institute, a London-based think-tank dealing in market economic policy. He has an MA in Economics and Psychology from the University of St. Andrews, and PhD in Philosophy from St. Andrews.

    Dr Butler's most recent books include The Best Book on the Market (Capstone, 2008), Milton Friedman (Harriman House, 2011), Adam Smith: A Primer (Institute of Economic Affairs, 2007) and Rotten State of Britain (Gibson Square, 2009). Earlier books include Ludwig von Mises: Fountainhead Of The Modern Microeconomics Revolution, Gower, 1988) and Forty Centuries of Wage and Price Controls (co-authored with Robert L Schuettinger, Green Hill Publishers, 1979). With Dr Madsen Pirie, he is author of a number of popular books on IQ published by Pan. Since 1979 he has also co-authored and edited a number of publications on economic and policy issues for the Adam Smith Institute.

    Dr Butler writes regularly on economics for leading newspapers.

    Contact the Author

    If you would like to get in touch with our author to arrange an interview, article, book signing, speaking arrangement, etc., please contact Rebecca in our PR department:

    Tel: +44 (0)1730 233885

    Email: pr@harriman-house.com

    Please note that we do not give out our authors' personal contact details and will discuss your enquiry with them.

 
Media Reviews

Wealth Briefing

It is fashionable these days to argue that the world needs new regulations to rein in private banks and prevent excesses of unfettered markets. Almost within days of the 2008 credit crunch disaster,...

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Wall Street Journal

In the mid-1970s, I joined the brain drain, and left Britain for America. Two of my close university friends went too. The decision to leave home required little thought. The trade unions seemed to...

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Guardian.co.uk

Free bank shares for all is a very bad idea, Nick CleggEamonn Butler, The Guardian23rd June 2011

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Iea.org.uk

Eamonn Butler will be a guest speaker at the IEA Political Economy Supper 22nd June 2011

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Wealthbriefing.com

"For admirers and critics alike, this book appears to be an admirable introduction to one of the most important economists of our time."- Wealth Briefing21st June 2011

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Online.wsj.com

British Brain Drain Strikes Again: The 50% top rate and non-dom tax are driving the wealthy from the U.K.'s shoresEamonn Butler, Wall Street Journal10th March 2011

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