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Usually ships in 1 business days | | | | | | Friedman makes clear once and for all that no one is immune from monetary economics-that is, from the effects of its theory and its practices. He demonstrates through historical events the mischief that can result from misunderstanding the monetary system. Index. | | | |
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| | Product Details | | Author: | Milton Friedman | | Paperback: | 304 pages | | Publisher: | Mariner Books | | Publication Date: | March 31, 1994 | | Language: | English | | ISBN: | 015661930X | | Package Length: | 7.9 inches | | Package Width: | 5.3 inches | | Package Height: | 0.9 inches | | Package Weight: | 0.6 pounds | | Average Customer Rating: |  based on 24 reviews |
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| | Features | ISBN13: 9780156619301Condition: NewNotes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
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 I never thought a book on monetary policy would be so interesting Jun 12, 2010
I am a beginning student of economics. I have a general sense of how and why things work, but I am by no means an expert. I bought this book because I wanted to understand more about monetary policy. I now understand more about monetary policy. So, I am very satisfied in that respect. Of course, the book leaves me with a lot of questions, but I think that is probably an accurate reflection of the world at large.
As the title indicates, I never would have thought that a book on monetary policy would be so interesting. I mean-come on-monetary policy...not exactly a thrill a minute subject. But, Dr. Friedman's genius is that he links the nuts and bolts of monetary theory to a story-showing how and why things went the way they did-and most importantly, showing why monetary policy is SO critical. As with "Capitalism and Freedom" Dr. Friedman explains difficult concepts to the common person without watering them down-and without talking down to them.
I would NOT recommend this book as a starting point for a study of economics. If that is what you are considering-better start somewhere else and come back here. But, if you have a basic background in economics PLEASE read this book.
A bit challenging but riveting! Jun 06, 2010
By "challenging" I do not mean that this book challenged my beliefs or that I disagreed with it; I mean that I found parts of chapters 2 and 3 hard to understand at first and had to re-read them before I felt I was on solid ground. This is not a first book on Economics; it's a serious treatise on monetary theory and history. Chapter 4 is a technical "what if" scenario looking back at our silver policy; some readers may want to skip it, as the author suggests. I found later chapters perfectly understandable.
(For an easier read on general Economics I recommend Basic Economics 3rd Ed: A Common Sense Guide to the Economy (excellent!) and From Here to Economy: A Shortcut to Economic Literacy --those books have no equations or charts. They are for everybody, as their titles suggest.)
I learned a lot, a great feeling. This also reinforced things I learned from Basic Economics. If you decide that you can't "hang in there," I urge you to at least include the brilliant five-page epilogue in your reading before giving up; it should be within the grasp of most readers.
Just as shortages and surpluses are always price phenomena, "Inflation is always and everywhere a monetary phenomenon." We've known that for over a thousand years. So why do authorities keep bungling monetary policy? See the epilogue.
Very simple and clear explanation of monetary ideas Mar 17, 2010
This book from Milton Friedman is the first one I read from him, although I've watched a lot of videos at youtube and other online channels with him. The monetary things are explained in his simple and clear style and while reading I get insights about things that were very messed up in my head before that. Highly recommend for general understanding of the problems of today's society like inflation, goverment regulations and policies and money. There are also some description of how the FED and the other central banks function, as well as general explanation of what money are. There are 2-3 chapters that are targeted at more experienced economists with some math formulas and statistics but in general the book is not scientific and is contributing to each mind that reads it.
1 of 1 found the following review helpful:
 Economics for Little Old Ladies Feb 10, 2010
Dry reading but very informative. Makes me feel like I am back in college, minus the fraternity parties. Given the current political climate, we all need to become students of capitalism so that we can defend it against all the socialist nonsense that surrounds us.
1 of 1 found the following review helpful:
Money Mischief Dec 26, 2009
Though the book is rather technical in a number of places, I would have to say that Milton Friedman uses history extremely well in showing what can happen when governments take full control of economic matters. And by not knowing her history, America is once again repeating its mistakes.
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