Milton Friedman Books
Milton Friedman was an American Nobel laureate economist and public intellectual who made significant contributions to the fields of economics and statistics. His work demonstrated the complexity of stabilization policy and earned him the Nobel Prize in Economics. Friedman was a staunch advocate for economic freedom and is regarded as one of the most influential economists of the 20th century, whose ideas profoundly shaped the direction of civilization.
Leo Melamed on the Markets
Twenty Years of Financial History as Seen by the Man Who Revolutionized the Markets
- 304 pages
- 11 hours of reading
A riveting inside look at the turbulent, controversial world of the futures markets through the eyes of the man who made them what they are today. Melamed relates how he helped create the futures markets and the changes they wrought in the financial world of the 1980s, the importance of futures markets to the global economy, the debate over them in the wake of the 1987 crash and the future of electronic global markets.
The major social problems of the United States—deteriorating education, lawlessness and crime, homelessness, the collapse of family values, the crisis in medical care—have been produced by well-intended actions of government. That is easy to document. The difficult task is understanding why government is the problem. The power of special interests arising from the concentrated benefits of most government actions and their dispersed costs is only part of the answer. A more fundamental part is the difference between the self-interest of individuals when they are engaged in the private sector and the self-interest of the same individuals when they are engaged in the government sector. The result is a government system that is no longer controlled by "we, the people." Instead of Lincoln's government "of the people, by the people, and for the people," we now have a government "of the people, by the bureaucrats, for the bureaucrats," including the elected representatives who have become bureaucrats. At the moment, term limits apear to be the reform that promises to be most effective in curbing Leviathan.
Free to Choose
- 330 pages
- 12 hours of reading
In this classic about economics, freedom, and the relationship between the two, Milton and Rose Friedman explain how our freedom has been eroded and our prosperity undermined through the explosion of laws, regulations, agencies, and spending in Washington, and how good intentions often produce deplorable results when government is the middleman. The Friedmans also provide remedies for these ills--they tell us what to do in order to expand our freedom and promote prosperity.