Milton Friedman

Eamonn Butler is director of the Adam Smith Institute, rated one of the world's leading policy think-tanks. He has degrees in economics, philosophy and psychology, gaining a PhD from the University of St Andrews in 1978. During the 1970s he worked on pensions and welfare issues for the US House of Representatives, and taught philosophy in Hillsdale College, Michigan, before returning to the UK to help found the Adam Smith Institute. Eamonn is author of books on the pioneering economists F A Hayek, Ludwig von Mises and Adam Smith. He is also co-author of Forty Centuries of Wage and Price Controls, and of a series of books on intelligence testing. Eamonn contributes to the leading UK print and broadcast media on current issues, and his recent popular books The Best Book on the Market, The Rotten State of Britain and The Alternative Manifesto have attracted considerable attention.

• About the author Introduction A timeline of Milton Friedman's life and work 1. The economist who changed everything Worldwide influence The making of an economist The public intellectual 2. How to end financial crises The false trust in governments A better explanation Lessons for today 3. Curing inflation and unemployment The disease of inflation Other explanations of inflation Inflation versus unemployment? How to control inflation How not to control inflation 4. A bonfire of controls Free people and free trade Setting currencies free The poverty of regulation 5. The failure of government The role of government Why governments fail The fraud of government A different approach 6. The merits of markets Friedman on markets Diversity, not discrimination Markets help ordinary people 7. Freedom and equality The quest for equality Why freedom works The importance of personal freedom Friedman's view of humankind Further reading Index

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