Proceedings American Philosophical Society Vol 116 No 5 1972

Second in a two-volume study of the Nobel Prize winner’s long career: “Nelson knows more about Milton Friedman’s economics than anyone else alive.” —Business Economics This study is the first to distill Nobel Prize winner Milton Friedman’s vast body of writings into an authoritative account of his research, his policy views, and his interventions in public debate. With this ambitious new work, Edward Nelson closes the gap: Milton Friedman and Economic Debate in the United States is the defining narrative on the famed economist, the first to grapple comprehensively with Friedman’s research output, economic framework, and legacy. This two-volume account provides a foundational introduction to Friedman’s role in several major economic debates that took place in the United States between 1932 and 1972. This second volume covers the years between 1960 and 1972—years that saw the publication of Friedman and Anna Schwartz’s Monetary History of the United States. The book also covers Friedman’s involvement in a number of debates in the 1960s and 1970s, on topics such as unemployment, inflation, consumer protection, and the environment. As a fellow monetary economist, Nelson writes from a unique vantage point, drawing on both his own expertise in monetary analysis and his deep familiarity with Friedman’s writings. Using extensive documentation, the book weaves together Friedman’s research contributions and his engagement in public debate, providing an unparalleled analysis of Friedman’s views on the economic developments of his day. “No previous biographer has Nelson’s deep and sophisticated understanding of monetary economics.” —Economic History

Alexander Severus' is full of controversy and contradictions. He came to the throne through the brutal murder of his cousin, Elagabalus, and was ultimately assassinated himself. The years between were filled with regular uprisings and rebellions, court intrigue (the Praetorian Guard slew their commander at the Emperor's feet) and foreign invasion. Yet the ancient sources generally present his reign as a golden age of just government, prosperity and religious tolerance Not yet fourteen when he became emperor, Alexander was dominated by his mother, Julia Mammaea and advisors like the historian, Cassius Dio. In the military field, he successfully checked the aggressive Sassanid Persians but some sources see his Persian campaign as a costly failure marked by mutiny and reverses that weakened the army. When Germanic and Sarmatian tribes crossed the Rhine and Danube frontiers in 234, Alexander took the field against them but when he attempted to negotiate to buy time, his soldiers perceived him as weak, assassinated him and replaced him with the soldier Maximinus Thrax. John McHugh reassesses this fascinating emperor in detail.