Milton Friedman on Economics or The Concept of the Political

Milton Friedman on Economics: Selected Papers

Author: Milton Friedman

On his death in the autumn of 2006, Milton Friedman was lauded as “the grandmaster of free-market economic theory in the postwar era” by the New York Times and “the most influential economist of the second half of the 20th century” by the Economist. Winner of the Nobel Prize in Economics in 1976, Friedman was both a highly respected economist and a prominent public intellectual, the leader of a revolution in economic and political thought that argued robustly in favor of virtues of free markets and laissez-faire policies.

Milton Friedman on Economics: Selected Papers collects a variety of Friedman's papers on topics in economics that were originally published in the Journal of Political Economy. Opening with Friedman's 1977 Nobel Lecture, the volume spans nearly the whole of his career, incorporating papers from as early as 1948 and as late as 1990. An excellent introduction to Friedman's economic thought, Milton Friedman will be essential for anyone tracing the course of twentieth-century economics and politics.

Table of Contents:

Nobel Lecture: Inflation and Unemployment   Milton Friedman     1
The Utility Analysis of Choices Involving Risk   Milton Friedman   L. J. Savage     23
The Expected-Utility Hypothesis and the Measurability of Utility   Milton Friedman   L. J. Savag     57
A Statistical Illusion in Judging Keynesian Models   Milton Friedman   Gary S. Becker     72
The Demand for Money: Some Theoretical and Empirical Results   Milton Friedman     89
Interest Rates and the Demand for Money   Milton Friedman     120
Government Revenue from Inflation   Milton Friedman     135
The Crime of 1873   Milton Friedman     146
Afterword: Milton Friedman as a Microeconomist   Gary S. Becker     181
Index     187

Book about: Beer for Petes Sake or Zingermans Guide to Good Eating

The Concept of the Political

Author: Carl Schmitt

In this, his most influential work, legal theorist and political philosopher Carl Schmitt argues that liberalism’s basis in individual rights cannot provide a reasonable justification for sacrificing oneself for the state—a critique as cogent today as when it first appeared. George Schwab’s introduction to his translation of the 1932 German edition highlights Schmitt’s intellectual journey through the turbulent period of German history leading to the Hitlerian one-party state. In addition to analysis by Leo Strauss and a foreword by Tracy B. Strong placing Schmitt’s work into contemporary context, this expanded edition also includes a translation of Schmitt’s 1929 lecture “The Age of Neutralizations and Depoliticizations,” which the author himself added to the 1932 edition of the book. An essential update on a modern classic, The Concept of the Political, Expanded Edition belongs on the bookshelf of anyone interested in political theory or philosophy.

Booknews

A sociological study of American drinking patterns reviewing current scholarly literature and providing commentary and observation on alcohol use and its public control. Gusfield presents research on alcohol studies, discussing the related social problems and cultural authority embedded in public drinking, and studying drinking as a leisure and social activity which points to the moral and political conflicts surrounding alcohol use particularly in relation to drinking and driving. Paper edition (unseen), $19.95. Annotation c. Book News, Inc., Portland, OR (booknews.com)