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The international bestseller on the extent to which personal freedom has been eroded by government regulations and agencies while personal prosperity has been undermined by government spending and economic controls. New Foreword by the Authors; Index.

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The marvelous thing about the Friedmans is how clearly they write, so that economics is not a baffling mystery but a sensible explanation of how the world works and how voluntary cooperation produces maximum results. (F 1 80)

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An influential leader in the field of economics, Milton Friedman had his humble beginnings in New York City, where he was born in 1912 to poor immigrants. Friedman was educated at Rutgers University. He went on to the University of Chicago to earn his A.M., and to Columbia University, where in 1946 he received his Ph.D. That same year he became professor of economics at the University of Chicago and remained there for 30 years. He was also on the research staff at the National Bureau of Economic Research from 1937-1981.

Friedman's greatest work is considered to be A Theory of the Consumption Function, published in 1957. Other books include A Monetary History of the United States, 1867-1960, and The Optimum Quantity of Money and Other Essays.

Friedman was awarded the Nobel Prize for Economics in 1976.

(Bowker Author Biography)