Milton Friedman, the prominent free market economist and 1976 Nobel Prize Winner, and his wife Rose visited China in 1980 and 1988 to learn about the economic reform that was taking place there and to share their economic knowledge and insights with the Chinese people. Friedman gave lectures in numerous cities and held discussions with government officials,managers, bankers, students, professors and even with ordinary people in their homes and on the streets. n their second visit they met with Zhao Ziyang, who was at the tione the General Secretary of the Chinese Communist Party, to discuss China's economic reform. This volume is a record of Friedman's activities in and thoughts on China.
The author has been a Senior Research Fellow at the Hoover Institution, Stanford University, since 1977. He is also Paul Snowden Russell Distinguished Service Professor Emeritus of Economics at the University of Chicago, where he taught from 1946 to 1976. He is widely regarded as the leader of the Chicago School of monetary economics, which stresses the importance of the quantity of money as an instrument of governmental policy and as a determinant of business cycles and inflation. He has published many books and articles, most notably A Theory of the Consumption Function, The Optimum Quantity of Money and Other Essays, and (with Anna J. Schwartz) A Monetary History of the United States, Monetary Statistics of the United States, and Monetary Trends in the United Stated andthe United Kingdom. His popular writings(with Rose Friedman) include Free to Choose and Tyranny of the Status Quo.
The author has been a Senior Research Fellow at the Hoover Institution, Stanford University, since 1977. He is also Paul Snowden Russell Distinguished Service Professor Emeritus of Economics at the University of Chicago, where he taught from 1946 to 1976. He is widely regarded as the leader of the Chicago School of monetary economics, which stresses the importance of the quantity of money as an instrument of governmental policy and as a determinant of business cycles and inflation. He has published many books and articles, most notably A Theory of the Consumption Function, The Optimum Quantity of Money and Other Essays, and (with Anna J. Schwartz) A Monetary History of the United States, Monetary Statistics of the United States, and Monetary Trends in the United Stated andthe United Kingdom. His popular writings(with Rose Friedman) include Free to Choose and Tyranny of the Status Quo.
