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The Indispensable Milton Friedman

Essays on Politics and Economics

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The Indispensable Milton Friedman

Written by: Dr. Lanny Ebenstein
Narrated by: Traber Burns
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About this listen

Milton Friedman is one of the most famous economists in history. His writings and theories on everything from capitalism and freedom to deregulation and welfare have inspired movements, influenced government policies, and changed the course of America’s economic history. Now, acclaimed Friedman biographer Lanny Ebenstein brings together 20 of Friedman’s greatest essays in The Indispensable Milton Friedman: Essays on Politics and Economics.

The only collection of Friedman’s writings to span his entire career, this book features some of Friedman’s never-before-republished writings as well as the best and most timeless of his works. These exceptional essays not only illuminate the progression of Friedman’s thought, but explain how America might overcome some of its most difficult challenges. During this time of economic uncertainty, The Indispensable Milton Friedman is more necessary than ever.

About the author: Dr. Lanny Ebenstein is a radio host and author. He has been on C-SPAN’s Booknotes, and his work has appeared in National Review, the Los Angeles Times, and more. He currently works for 1290 AM in Santa Barbara and is an editorialist for the Santa Barbara News Press. Additionally, he is a visiting professor at the University of California, Santa Barbara, and an adjunct scholar at the Cato Institute.

©2012 Lanny Ebenstein (P)2012 Blackstone Audio, Inc.
Conservatism & Liberalism Consumer Behaviour & Market Research Economics Ideologies & Doctrines Marketing & Sales Politics & Government Theory

Critic Reviews

“Milton Friedman was the most authoritative exponent of the libertarian tradition in economics. He will be remembered as long as the subject endures, and this collection epitomizes the power of his mind and range of his mastery.” (George Gilder, New York Times best-selling author of Wealth and Poverty)
“A worthy homage to Friedman’s ideas.” ( Financial Times)
“Economists can succeed Milton Friedman, but nobody can replace him. As this collection of rare but brilliant essays confirms, he was one of a kind, and is greatly missed.” (Mark Skousen, editor, Forecasts & Strategies)
All stars
Most relevant
Introduction xi

Part 1 Politics

1 Neo-Liberalism and its Prospects (1951) 3

2 Liberalism, Old Style (1955) 11

3 Schools at Chicago (1974) 25

4 Adam Smith's Relevance for 1976 37

5 Introduction to Republication of the New Individualist Review (1981) 53

6 The Tide in the Affairs of Men (1988) 59

7 An Open Letter to Bill Bennett (1989) 77

8 How to Cure Health Care (2001) 81

9 Fortieth Anniversary Preface to Capitalism and Freedom (2002) 103

10 My Five Favorite Libertarian Books (2002) 107

11 School Choice: A Personal Retrospective (2006) 111

Part 2 Economics

12 Wesley C. Mitchell as an Economic Theorist (1950) 117

13 Leon Walras and his Economic System (1955) 133

14 The Monetary Theory and Policy of Henry Simons (1967) 149

15 The Counter-Revolution in Monetary Theory (1970) 167

16 Horner Jones: A Personal Reminiscence (1976) 191

17 The Keynes Centenary: A Monetarist Reflects (1983) 197

18 Freezing High-Powered Money (1984) 207

19 George Joseph Stigler (1993) 213

20 Reflections on a Monetary History (2004) 229

Appendix Commanding Heights Interview (2000) 233

Original Publication Information 255

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