(p. A3) . . . [Milton] Friedman was highly influential. In academia, he did pioneering work on consumer behavior, monetary history and the unstable relation between inflation and unemployment. Outside the ivory tower, he is remembered for his unflinching defense of classical liberalism—a position that today is often called libertarianism. “Capitalism and Freedom” is the best entry into Friedman’s lucid mind. You will enjoy reading it even if you disagree with most of his judgments. A socialist student at Harvard once told me it was one of his favorite books. “Why?” I asked. “Because it clearly explains the point of view I have to argue against.”
For the full review, see:
(Note: ellipsis, and bracketed name, added.)
(Note: the online version of the review has the date June 2, 2023, and has the title “Five Best: Economics Primers.”)
Friedman’s best popular book, developed from lectures first presented at Wabash College that were co-organized by my mentor Ben Rogge, is:
Friedman, Milton. Capitalism and Freedom. Chicago: The University of Chicago Press, 1962.