Was Milton Friedman the most important libertarian of them all? That's part of the conversation I had with today's guest, Stanford historian Jennifer Burns, who has written a masterful and definitive new biography of the Nobel Prize–winning economist. Without reservation, I recommend you check out her new book, Milton Friedman: The Last Conservative.
Friedman was arguably not just the most influential free market economist of the 20th century but the central figure in building the broad political and intellectual coalition that successfully challenged Keynesian economics and the top-down rule of experts in so many aspects of our lives. I talked with Burns about Friedman's conceptual and methodological breakthroughs in economics; his way-ahead-of-his-time collaboration with female economists such as Anna Schwartz and his wife Rose; his role in popularizing free market economics through his columns in Newsweek and the TV series Free To Choose; his controversial engagements with politicians such as Richard Nixon and Augusto Pinochet; and his role in ending the military draft and championing school choice. We also talked about Burns' previous book, Goddess of the Market: Ayn Rand and the American Right, and its connections to her new work.
