Routledge, 2006

Review Excerpt

Craig Freedman, EH.NET, September 2006

Claire and Daniel Hammond (both at Wake Forest University) have performed a real service in making so many of the key exchanges between Milton Friedman and George Stigler available to the interested reader. Many economists today simply take for granted the wonders these two men performed in the post-war period. They set out to overturn the then prevailing orthodoxy and (for better or worse) largely succeeded. When economists today refer so blithely to the Chicago School, they are implicitly referring to the work, effort and campaign of these two long-time friends and colleagues. ... What the letters themselves show, besides a mutual affection and respect, are the ways in which the ideas that formed the core of the Chicago School developed and the role which the two had in cross pollinating each other's work.