Milton Friedman (1912-2006), Nobel Prize winner for excellence in economics, was a senior research fellow at the Hoover Institution, Stanford University, and Paul Snowden Distinguished Service Professor Emeritus of Economics at the University of Chicago. His many published books include Essays in Positive Economics, Monetary Trends in the United States and the United Kingdom, and Milton Friedman on Economics, all published by the University of Chicago Press.
In Capitalism and Freedom, published in 1962, Friedman makes his most important contribution to his profession: the argument that the best medicine for curing a recession and stabilizing economies is for a nation's central bank (the Federal Reserve for the U.S.) to be slowly but constantly increasing the amount banks are allowed to lend and therefore increasing the supply of money--but only in brief. -- TIME Magazine, All-TIME 100 Best Nonfiction Books