Milton Friedman

Milton Friedman by Jennifer Burns offers an insightful and comprehensive biography of the iconic 20th-century economist whose theories and philosophies shaped modern economic thought. This meticulously researched book delves into Friedman's extraordinary life and work, highlighting his pivotal role in the shift toward free-market principles that defined the 1980s. Burns interweaves a captivating narrative that captures the essence of Friedman's revolutionary ideas and their lasting impact on global economic policies.

Recognised by The New York Times as one of the 33 Nonfiction Books to Read This Fall and hailed as a most anticipated fall book by the Chicago Tribune, this biography goes beyond a mere recounting of events. It provides a thoughtful exploration of Friedman's groundbreaking contributions, from his influential theories on inflation and the money supply to his persuasive arguments for limiting government intervention. Burns offers a nuanced portrait, charting Friedman's intellectual journey and his lifelong collaborations with other economists, including the notable Anna Schwartz.

In Milton Friedman, Burns employs a wealth of archival sources to bring fresh perspectives to Friedman's life and legacy. She examines his significant interactions with key figures such as Federal Reserve Chairman Arthur Burns and Treasury Secretary George Shultz, and his direct involvement in shaping high-level policy decisions. The book also sheds light on Friedman's ability to communicate complex economic concepts to a broad audience, making his ideas accessible and influential far beyond academic circles.

Through engaging prose and detailed analysis, Burns illuminates Friedman's profound effect on the creation of a modern American conservatism and his role in the neoliberal movement. The biography presents a balanced view, considering both the economic prosperity attributed to his policies and the social challenges that critics associate with his free-market advocacy.

For anyone interested in the history of economic thought, the intricacies of policy-making, or the life of one of America's most distinguished intellectuals, Milton Friedman is an essential read. Jennifer Burns’ masterful biography stands as a definitive account, offering readers a comprehensive understanding of Friedman's contributions and the era that he helped to define.