Friedman Is Considered to Be One of Book Report

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Friedman is considered to be one of the more influential thinkers of his time and "Milton Friedman on Economics: Selected Papers," is a collection of much of his work. Many of the enclosed papers were originally published in the Journal of Political Economy. The work opens up with his 1977 Nobel Lecture and then spans a great part of his life and career. There were some works in the collection from as early as 1948 through 1990. Because he was so influential over the course of his career, this series of letters and works provides a great opportunity to not only get an introduction into his line of reasoning, it also provides a historic blueprint of detailed economic thought. Milton Friedman offers clues about the twentieth-century's economics and political policies.

Milton Friedman is considered to have been one of the great economic thinkers of our time and he was obviously greatly respected because of it. As both an economist and an intellectual, he literally became the front and mouthpiece of an economic movement. His views were both raw and at times controversial as economics crossed over into politics because of his deep seated laissez-faire policies and thinking. His Nobel Prize for economics in 1977 was acknowledgment for his achievements about consumption analysis, monetary history and theory as well as for his understanding of stabilization policy.

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Friedman passed away in the fall of 2006, however, his influence can still be felt through his views on economic participation in a new global spectrum. He reminds us through his many past speeches, meetings and writings, that he wanted our children to be able to read and write and our leaders to care for our citizens through sound economic policy.

Milton Friedman was one of the founders of the line of reasoning that became the free-market economic theory of post WWII. Because of his bearing on national and global economics, he can be considered to have been one of the more influential economists in the twentieth century. This did not stop him from having intellectual enemies. For example, through his notes, it is apparent that he was very much against the idea of unionization and especially the teachers union in the United States. His notes clearly show that he was very anti-National Education Association and the American Federation of Teachers and at one point blamed them directly for keeping American children in the United States education system from being able to read and write.

Another controversial point-of-view was his outspoken desire to legalize….....

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