"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.

Milton Friedman: A Concise Guide to the Ideas and Influence of the Free-Market Economist

Biographies & Memoirs

Eamonn F. Butler

Eamonn Butler

Professionals & Academics

Harriman House

Friedrich Hayek was one of the leading economists of the 20th century and the leading contemporary critic of Keynes. He did pioneering work on monetary theory and trade cycles, but achieved international fame through his 1944 critique of totalitarian socialism, The Road to Serfdom.He went on to map out the principles of a free society in a series of books including Law, Legislation and Liberty and became the leading proponent, along with Milton Friedman, of economic and political liberalism.Setting him in context as well as incorporating criticism since his death 20 years ago, this book explores several major areas of Hayek's thought and argument:- why society is not something that can be rebuilt any way we want, but is the result of long-term cultural evolution, and what that means for political reform, morality and individual choice- the kind of laws that true freedom relies upon, and how freedom and its benefits are threatened by political confusions- how the market process really works: from maximising gains for everyone who participates, to competition as a discovery process- where boom and bust cycles come from and how privatising currencies could be the startling solution- how we actually interpret our world, and what this means for social sciences and politics- why socialism was a mistake, capitalism isn't wasteful, and what economic organisation has to do with political destiny- the impossibility of social justice but the genuine hope offered by true economic freedom- what the real foundations of a free society look like.A breath of intellectual fresh air, this concise guide to Friedrich Hayek is a must for any reader or student interested in one of the most vital minds of the 20th century.

Friedrich Hayek: The Ideas and Influence of the Libertarian Economist

Business & Money

Economics

Wage and price controls offer only short term relief from inflation and are often used to cover up the fact that governments cause inflation

Forty Centuries of Wage and Price Controls: How not to Fight Inflation

Robert L. Schuettinger

The Heritage Foundation/ Caroline House

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Books by Eamonn F. Butler