Milton Friedman, recipient of the 1976 Nobel Memorial Prize for economic science, was a senior research fellow at the Hoover Institution from 1977 to 2006. He passed away on Nov. 16, 2006. Friedman was awarded the Presidential Medal of Freedom in 1988 and received the National Medal of Science the same year. He was widely regarded as the leader of the Chicago School of monetary economics, which stresses the importance of the quantity of money as an instrument of government policy and as a determinant of business cycles and inflation. Robert Leeson is a noted historian of economic thought. He has written or edited more than twenty-five books on leading economists, including Milton Friedman, A. W. H. Phillips, and Friedrich Hayek. Charles G. Palm is the deputy director emeritus of the Hoover Institution at Stanford University. As Hoover's chief archivist, he acquired the archives of Milton Friedman, Friedrich Hayek, Karl Popper, William F. Buckley's Firing Line, and Radio Free Europe/Radio Liberty, among others.
"""Milton Friedman lives on because his ideas are forever and his expository skills are unsurpassed, as shown in this book of special importance in today's world."" --George P. Shultz, Thomas W. and Susan B. Ford Distinguished Fellow, Hoover Institution, Stanford University, former US Secretary of State, Labor, and Treasury, and director, Office of Management and Budget ""We live in an age when political, economic, religious and speech freedoms are both under attack and taken for granted. That makes these penetrating insights and trenchant analyses by their great champion, Milton Friedman, essential reading for all, both those who value freedom's great blessings and those who don't but should."" --Michael J. Boskin, Tully M. Friedman Professor of Economics at Stanford University and former chairman of the President's Council of Economic Advisers ""At a moment when free societies and their defenders are under growing ideological assault, Milton Friedman's incisive essays powerfully remind us of what it means to be free--and why it matters. This is a luminous, timely, and necessary book."" --George H. Nash, historian, author of The Conservative Intellectual Movement in America Since 1945 and a three-volume biography of Herbert Hoover, and a senior fellow at the Russell Kirk Center for Cultural Renewal"