Milton Friedman on Economics

Milton Friedman on Economics

Opening with Friedman's 1977 Nobel Lecture, the volume spans nearly the whole of his career, incorporating papers from as early as 1948 and as late as 1990.

Author: Milton Friedman

Publisher: University of Chicago Press

ISBN: 9780226263496

Category: Business & Economics

Page: 191

View: 649

Milton Friedman on Economics: Selected Papers collects a variety of Friedman's papers on topics in economics that were originally published in the Journal of Political Economy. Opening with Friedman's 1977 Nobel Lecture, the volume spans nearly the whole of his career, incorporating papers from as early as 1948 and as late as 1990.
Categories: Business & Economics

Essays in Positive Economics

Essays in Positive Economics

This paper is concerned primarily with certain methodological problems that arise in constructing the "distinct positive science" that John Neville Keynes called for, in particular, the problem how to decide whether a suggested hypothesis ...

Author: Milton Friedman

Publisher: University of Chicago Press

ISBN: 0226264033

Category: Business & Economics

Page: 328

View: 451

This paper is concerned primarily with certain methodological problems that arise in constructing the "distinct positive science" that John Neville Keynes called for, in particular, the problem how to decide whether a suggested hypothesis or theory should be tentatively accepted as part of the "body of systematized knowledge concerning what is."
Categories: Business & Economics

Milton Friedman

Milton Friedman

Includes bibliographical references and index.

Author: Robert A. Cord

Publisher: Oxford University Press

ISBN: 9780198704324

Category:

Page: 896

View: 500

Milton Friedman is regarded as one of the most influential economists of the twentieth century. This volume assesses the importance of the full range of Friedman's ideas, from his work on methodology in economics, and his consumption theory, his research on monetary economics, to his views on contentious social and political issues such as education, conscription, and drugs. It also presents personal recollections of Friedman by some of those who knew him, both asstudents and colleagues, and offers new evidence on Friedman's interactions with other noted economists. The volume provides readers with an up to date account of Friedman's continuing influence andwill help to stimulate further research across a variety of areas, including macroeconomics, the history of economic thought, and public policy. With contributions from a stellar cast, this book will be invaluable to academics and students alike.
Categories:

Capitalism and Freedom

Capitalism and Freedom

In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition ...

Author: Milton Friedman

Publisher: University of Chicago Press

ISBN: 9780226264189

Category: Business & Economics

Page: 230

View: 533

Selected by the Times Literary Supplement as one of the "hundred most influential books since the war" How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on.
Categories: Business & Economics

Milton Friedman and Economic Debate in the United States 1932 1972

Milton Friedman and Economic Debate in the United States  1932 1972

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, ...

Author: Edward Nelson

Publisher:

ISBN: 022668377X

Category: Chicago school of economics

Page: 784

View: 942

"This two-volume biographical work provides a foundational introduction to Friedman's role in several major economic debates that took place over four decades in the US, from 1932 through the end of 1972. The debates considered include both those that were largely carried out in the economic-research literature and those that primarily proceeded in the media or in policy forums. Nelson writes from a unique vantage point, as he draws from his own expertise in monetary economics, and has immersed himself in Friedman's Hoover Institution archives, allowing him unparalleled familiarity with Friedman's publications. Further, Nelson differentiates Friedman's ideas from those of his University of Chicago colleagues-particularly with those of George Stigler. And beyond, Nelson is able to refine and explicate the existing Friedman literature. Nelson provides an analytical narrative of Friedman's career from 1932 to 1972 (with the narrative organized primarily in terms of key economic debates), together with an exposition of Friedman's economic framework. The first volume consists of Chapters 1 to 10, covering Friedman's formative and early years through 1951, and Chapters 11 to 15 (the whole of the second volume), consider U.S. economic debate, and Friedman's participation in it, in the years from 1951 to 1972-the first two decades of Friedman's "monetarist period.""--
Categories: Chicago school of economics

Milton Friedman

Milton Friedman

Author: Eamonn Butler

Publisher: London : Gower/Maurice Temple Smith

ISBN: STANFORD:36105040130028

Category: Chicago school of economics

Page: 272

View: 334

Categories: Chicago school of economics

Milton Friedman

Milton Friedman

Contrasts Friedman's statements on methodology with his practice as an economist

Author: Abraham Hirsch

Publisher:

ISBN: UOM:39015080736393

Category: Business & Economics

Page: 325

View: 372

Contrasts Friedman's statements on methodology with his practice as an economist
Categories: Business & Economics

A Conversation with Milton Friedman

A Conversation with Milton Friedman

Recipient of the Nobel Memorial Prize in Economics and a leader of the Chicago school of monetary economics, Milton Friedman has long been recognised as one our most important economic thinkers.

Author: Milton Friedman

Publisher:

ISBN: 0865975965

Category: Business & Economics

Page: 73

View: 707

Recipient of the Nobel Memorial Prize in Economics and a leader of the Chicago school of monetary economics, Milton Friedman has long been recognised as one our most important economic thinkers. A Senior Research fellow at the Hoover Institution since 1977, he is also the Paul Snowden Russell Distinguished Service Professor Emeritus of Economics at the University of Chicago, where he taught from 1946 to 1976.
Categories: Business & Economics

Money and Economic Development

Money and Economic Development

Author: Milton Friedman

Publisher: New York : Praeger

ISBN: UOM:39076005834317

Category: Developing countries

Page: 67

View: 931

Categories: Developing countries

Foreign Economic Aid Means and Objectives

Foreign Economic Aid  Means and Objectives

Author: Milton Friedman

Publisher: Hoover Press

ISBN: 0817956530

Category: Economic assistance, American

Page: 16

View: 122

Milton Friedman argues that foreign economic aid would retard economic development and promote socialism, not democracy.
Categories: Economic assistance, American

Price Theory

Price Theory

Price Theory is concerned not with economic problems in the abstract, but with how a particular society solves its economic problems.

Author: Milton Friedman

Publisher: Routledge

ISBN: 9781351496773

Category: Business & Economics

Page: 357

View: 649

Economics is sometimes divided into two parts: positive economics and normative economics. The former deals with how the economic problem is solved, while the latter deals with how the economic problem should be solved. The effects of price or rent control on the distribution of income are problems of positive economics. The desirability of these effects on income distribution is a problem of normative economics. Within economics, the major division is between monetary theory and price theory. Monetary theory deals with the level of prices in general, with cyclical and other fluctuations in total output, total employment, and the like. Price theory deals with the allocation of resources among different uses, the price of one item relative to another. Prices do three kinds of things. They transmit information, they provide an incentive to users of resources to be guided by this information, and they provide an incentive to owners of resources to follow this information. Milton Friedman's classic book provides the theoretical underpinning for and understanding of prices. Economics is not concerned solely with economic problems. It is a social science, and is therefore concerned primarily with those economic problems whose solutions involve the cooperation and interaction of different individuals. It is concerned with problems involving a single individual only insofar as the individual's behavior has implications for or effects upon other individuals. Price Theory is concerned not with economic problems in the abstract, but with how a particular society solves its economic problems.
Categories: Business & Economics

The Methodology of Positive Economics

The Methodology of Positive Economics

A team of world-renowned experts cast new light on Milton Friedman's 1953 essay 'The methodology of positive economics'.

Author: Uskali Mäki

Publisher: Cambridge University Press

ISBN: 9780521867016

Category: Business & Economics

Page: 363

View: 904

A team of world-renowned experts cast new light on Milton Friedman's 1953 essay 'The methodology of positive economics'.
Categories: Business & Economics

Monetarist Economics

Monetarist Economics

Author: Milton Friedman

Publisher: Wiley-Blackwell

ISBN: 0631171118

Category: Business & Economics

Page: 188

View: 680

Categories: Business & Economics

The Indispensable Milton Friedman

The Indispensable Milton Friedman

These exceptional essays not only illuminate the progression of Friedman’s thought, but explain how America might overcome some of its most difficult challenges.

Author: Lanny Ebenstein

Publisher: Simon and Schuster

ISBN: 9781596988170

Category: Business & Economics

Page: 256

View: 590

Milton Friedman is one of the most famous economists in history. His writings and theories on everything from capitalism and freedom to deregulation and welfare have inspired movements, influenced government policies, and changed the course of America’s economic history. Now, acclaimed Friedman biographer Dr. Lanny Ebenstein brings together twenty of Friedman’s greatest essays in his new book, The Indispensable Milton Friedman: Essays on Politics and Economics. The only collection of Friedman’s writings to span his entire career, The Indispensable Milton Friedman: Essays on Politics and Economics features some of Friedman’s never-before-republished writings as well as the best and most timeless of his works. These exceptional essays not only illuminate the progression of Friedman’s thought, but explain how America might overcome some of its most difficult challenges. Broken into two sections, politics and economics, The Indispensable Milton Friedman shows how we can ultimately turn America around, and is more necessary than ever during this critical election year and time of economic uncertainty.
Categories: Business & Economics

Not So Free to Choose

Not So Free to Choose

This book is a critical and carefully documented study of the influence of the teachings of economist Milton Friedman on the current administration.

Author: Elton Rayack

Publisher: Praeger Pub Text

ISBN: 0275923630

Category: Business & Economics

Page: 215

View: 848

This book is a critical and carefully documented study of the influence of the teachings of economist Milton Friedman on the current administration. Claiming that Friedman's popular writings have exerted a powerful influence on the policies, ideology, and rhetoric of the Reagan administration, the author examines some 300 columns Friedman has written for Newsweek along with his best-selling books, Capitalism and Freedom and Free to Choose. While conceding that President Reagan has sometimes opposed Friedman's recommendations, the author argues that by examining which Reagan proposals deviated from Friedman's laissez-faire line we can gain insight into the Presidet's real objectives as distinguished from the goals contained in his free-market rhetoric.
Categories: Business & Economics

A Monetary History of the United States 1867 1960

A Monetary History of the United States  1867 1960

Writing in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and ...

Author: Milton Friedman

Publisher: Princeton University Press

ISBN: 140082933X

Category: Business & Economics

Page: 888

View: 720

Writing in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement--monumental in its sheer bulk, monumental in the definitiveness of its treatment of innumerable issues, large and small . . . monumental, above all, in the theoretical and statistical effort and ingenuity that have been brought to bear on the solution of complex and subtle economic issues." Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, The Great Contraction--which Princeton published in 1965 as a separate paperback--they address the central economic event of the century, the Depression. According to Hugh Rockoff, writing in January 1965: "If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger." Milton Friedman won the Nobel Prize in Economics in 1976 for work related to A Monetary History as well as to his other Princeton University Press book, A Theory of the Consumption Function (1957).
Categories: Business & Economics

The Optimum Quantity Of Money

The Optimum Quantity Of Money

This work is essential reading for economists and graduate students in the field. The volume will be no less important for practicing business and banking personnel as well.

Author: Milton Friedman

Publisher: Transaction Publishers

ISBN: 1412838096

Category: Business & Economics

Page: 296

View: 791

This classic set of essays by Nobel Laureate and leading monetary theorist Milton Friedman presents a coherent view of the role of money, focusing on specific topics related to the empirical analysis of monetary phenomena and policy. The early chapters cover factors determining the real quantity of money held in a community and the welfare implications of policies that affect the quantity held. The following chapters formally restate why quantity analysis has become central to the science of economics. Friedman's presidential address to the American Economic Association, included here, provides a general summary of his views on the role of monetary policy, with an emphasis on its limitations and its possibilities. This theoretical framework is used in examining a number of empirical problems: the demand for money, the explanation of price changes in wartime periods, and the role of money in business cycles. These essays summarize some of the most important results of Friedman's extensive research over the course of his lifetime. The chapters on policy that follow survey the positions of earlier economists and deal with the importance of lags and the implications of destabilizing speculation in foreign markets. Taken as a whole, The Optimum Quantity of Money provides a comprehensive view of the body of monetary theory developed in leading centers of monetary analysis. This work is essential reading for economists and graduate students in the field. The volume will be no less important for practicing business and banking personnel as well. The new statement by Michael Bordo, a student of Friedman's and an expert in the field, provides a sense of where the field now stands in the economy and academy. Milton Friedman is a senior fellow at the Hoover Institution of Stanford University. Before that, he was Distinguished Service Professor of Economics at the University of Chicago. He has also taught at Columbia University, the University of Wisconsin, the University of Minnesota, and Cambridge University. Among his many books are Essays in Positive Economics, A Program for Monetary Stability, Capitalism and Freedom, and A Monetary History of the United States. Michael D. Bordo is professor of economics at Rutgers, The State University of New Jersey, and author, with Lars Jonung, of, among other works, Demand for Money.
Categories: Business & Economics

Capitalism and Freedom

Capitalism and Freedom

Examines the nature of the relationship which exists between a society based on competitive capitalism and the political and economic freedoms of its citizens

Author: Milton Friedman

Publisher: Chicago : University of Chicago Press

ISBN: 0226264017

Category: Business & Economics

Page: 202

View: 281

Examines the nature of the relationship which exists between a society based on competitive capitalism and the political and economic freedoms of its citizens
Categories: Business & Economics

Why Government Is the Problem

Why Government Is the Problem

Friedman discusses a government system that is no longer controlled by "we, the people.

Author: Milton Friedman

Publisher: Hoover Press

ISBN: 9780817954437

Category: Political Science

Page: 18

View: 554

Friedman discusses a government system that is no longer controlled by "we, the people." Instead of Lincoln's government "of the people, by the people, and for the people," we now have a government "of the people, by the bureaucrats, for the bureaucrats," including the elected representatives who have become bureaucrats.
Categories: Political Science