Book review of Milton Friedman

Jennifer Burns's Milton Friedman offers the first comprehensive biography of the influential economist, exploring his life and impact on twentieth-century economic thought. More than a simple biography, it delves into the intellectual history surrounding Friedman's groundbreaking work, from monetary theory to the role of government. Critically acclaimed and lauded by publications like NPR and the New York Times, the book examines Friedman's collaborations, his relationships with key political figures, and his pivotal role in shaping modern American conservatism and the neoliberal movement. Burns utilizes archival sources to provide a nuanced and revealing portrait of a complex figure responsible for both prosperity and criticism in the latter half of the 20th century.

Hardcover 19.95 USD

Paperback 20.17 USD

4.7 / 116 ratings

Review Milton Friedman

Jennifer Burns's biography of Milton Friedman is a fascinating and surprisingly nuanced portrait of a complex figure. While I've read some of Friedman's work, I approached this biography with a healthy dose of skepticism, wondering if it would be a hagiography or a hatchet job. Thankfully, it’s neither. Burns manages to present a balanced perspective, acknowledging both Friedman’s immense contributions to economic thought and the controversies that surrounded him.

What struck me most was the author's commitment to meticulous research. The sheer volume of endnotes – almost seventy pages! – speaks volumes about the depth of her investigation. This isn’t a book written to push a particular agenda; it's a work of genuine scholarship that meticulously lays out the facts and allows the reader to form their own conclusions about Friedman's legacy. In a world increasingly saturated with biased narratives, this kind of rigorous, unbiased approach is incredibly refreshing and feels increasingly rare.

Burns expertly weaves together Friedman's personal life and professional career, illuminating the relationships that shaped his thinking and actions. Her exploration of his collaborations with women economists, like Anna Schwartz, is particularly commendable. It's a refreshing counterpoint to the often male-dominated narrative surrounding figures like Friedman, providing a richer and more complete picture of his intellectual development. The book goes beyond simply recounting his accomplishments; it delves into the criticisms leveled against him, giving voice to those who disagreed with his views. This isn't a whitewash; it’s a comprehensive account that grapples with the complexities of his impact.

While the sheer amount of detail might feel overwhelming at times, especially for those unfamiliar with the intricacies of 20th-century economic history, it never feels tedious. Burns' writing is clear and engaging, making even the most complex economic concepts relatively accessible. The biographical context given to the development of these concepts is particularly valuable and adds a human element to the often-dry world of economic theory.

The book does have its minor shortcomings, as some reviewers have pointed out. Certain aspects, like the detailed discussion of internal rivalries within the Chicago School, might feel a bit protracted for some readers. Others might find the book’s objectivity too cautious, or wish for a more probing analysis of Friedman’s personal beliefs and motivations. However, these are minor quibbles in comparison to the book’s overall strength: its commitment to rigorous scholarship, balanced presentation, and compelling narrative.

In short, "Milton Friedman" is a highly recommended read for anyone interested in economics, history, or the life of one of the most influential figures of the 20th century. It's a book that challenges you to think critically, to engage with complex ideas, and to form your own judgment about a man whose impact on the world continues to be debated. It's a testament to the power of well-researched, unbiased biography and a welcome antidote to the often-divisive nature of contemporary discourse.

Information

• Dimensions: 5.4 x 1.52 x 8.2 inches
• Language: English
• Print length: 608
• Publication date: 2024
• Publisher: Picador

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