Perspective

Milton Friedman is a widely renowned (though sometimes reviled) Nobel Laureate economist and self-professed classical liberal. His perspective reflects his profession and his ideology. As a first-class economist, Friedman is quite versatile in his mastery of economic concepts. He not only aims to break down economic concepts for the reader but is able to explain a number of important complexities involved in, for instance, international monetary economics and Keynesian versus classical views on fiscal policy. Thus, Friedman's perspective as an economist comes through clearly through clear writing and an obvious familiarity with economics.

Friedman defines a liberal as a supporter of limited government, defender of free enterprise, an individualist and someone who believes that humans' abilities to govern and alter their natures are limited. Again, he rejects the conception of liberalism that combines liberal social freedoms with an endorsement of state regulation of the economy and overly generous...