Milton Friedman and Economic Debate in the United States, 1932-1972, Volume 2

«“Magisterial. . . For anyone wanting to understand the ideas that Friedman generated over his research career, this book is, and will remain for some time, the essential guide.”»

«Edward Nelson knows more about Milton Friedman’s economics than anyone else alive. In two weighty volumes, he begins to share that knowledge with us. . . .Readers of the two chronological parts—even those who have already studied carefully Friedman’s major works—will learn much more from Nelson about the incredible breadth and diversity of Friedman’s academic research.»

«Volume 2 of a two-volume set presents a composite picture of Milton Friedman’s theoretical positions and policy conclusions, how they informed his interactions with economists and policy makers, and how they shaped his commentary on economic policy in the United States, focusing on the years 1961 to 1972.»

«“This monumental masterpiece will be the definitive work on Milton Friedman’s contributions to monetary economics and his role in the major economic debates in the United States. Nelson, an eminent specialist in monetary economics, casts a wide net over Friedman’s publications, interviews, and other public statements and provides a fascinating, illuminating, and complete analysis of the evolution of Friedman’s economic views into a coherent and consistent framework. An indispensable read and reference for a thorough and deep understanding of Friedman’s work and his impact on the major economic debates of the time.”»

«“Nelson has produced a masterful and unique narrative of Milton Friedman’s extensive participation in American debates on economic policy and theory up to 1972, with attention to its interplay with Friedman’s biographical trajectory and episodes in American economic history. These two volumes, partly based on archival material and several interviews, shed new light on one of the most influential economists of the twentieth century and his intellectual interactions with his peers.”»

«“Milton Friedman is among the twentieth century’s most influential economists, both within his discipline and in the public policy sphere. We need a serious intellectual biography of Friedman, a thorough, well-informed, and lengthy study. Nelson’s work is first-rate history. His approach has forced him to master and weigh a prodigious body of writings, ensuring that his interpretation of Friedman’s ideas will become an important starting point for anyone else working on the evolution of economic ideas and policy in the second half of the last century.”»

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"When I read the two volume Milton Friedman & Economic Debate in the United States: 1932-1972 by Edward Nelson... I knew it would be the best book of 2021 and six months later I stand by that judgement. These books are for those with a decent under judgement."

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