Milton Friedman

Milton Friedman
ISBN-10
1599351080
ISBN-13
9781599351087
Series
Milton Friedman
Category
Economists
Language
English
Published
2009
Publisher
Morgan Reynolds Publishing
Authors
Dwight R. Lee, Cynthia D. Crain

Description

Milton Friedman was born in 1912 to parents who had emigrated from Europe for the freedom and opportunity to work hard and become successful. He earned a scholarship and worked his way through college. Drawn to the study of economics by two influential teachers and the Great Depression, his scholarly research focused on the role of money in promoting economic growth and stability. Over time Friedman became convinced that free markets and individual liberty were inseparable. While he recognized that government has an important role to play in protecting people's rights, he also believed that government does the most to promote prosperity and protect freedom when its role is limited. Short in stature but a giant intellectually, he received the Nobel Prize in Economics for his contribution to monetary history and theory, which indicated that the Great Depression was caused and prolonged by monetary policy that interfered with the self-correcting forces of the market. Book jacket.

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