Politics and Tyranny [antikvár]

Introduction David J. Theroux Economist and former Newsweek columnist Henry Wallich has credited Milton Friedman with having "almost single-handedly" changed economic thinking on the subject of money.' Indeed, Milton Friedman, the 1976 Nobel laureate in economic science, is a world renowned economist and an academician of the finest caliber. But he is much more. He is an articulate and persuasive advocate of individual freedom, and the private property, voluntary exchange economy, which is based upon and sustains that freedom. British Prime Minister Margaret Thatcher has stated, "Professor Friedman is usually referred to as a monetarist, but his basic belief is not in money. It's in people's inherent right and ability to choose how they will live." Milton Friedman was born July 31, 1912, in Brooklyn, New York. His parents, Sarah Ethel (Landau) and Jeno Saul Friedman, were poor immigrants born in Carpatho-Rumania, then a province of Austria-Hungary and currently part of the Soviet Union. When he was but a year old, the family moved to Rahway, New Jersey, where both his mother and his father were merchants.^ Friedman graduated from Rahway High School in 1928 and worked his way through Rutgers University, studying under Arthur Burns and Homer Jones. Burns shaped his understanding of economic research, and Jones 1. John Davenport, "The Radical Economics of Milton Friedman," Fortune, 1 June 1967, p. 131. 2. "Milton Friedman," Current Biography 1969 (Bronx, NY; H. W. Wilson Co.), p. 151.