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Milton Friedman on Economics

Milton Friedman

Economics & FinancePolitics & Society
Publish date
2017
Publisher
Hoover Institution Press
Description
Milton Friedman on Economics compiles several of the Nobel laureate's selected academic papers spanning monetary theory, the consumption function, and economic methodology. The collection presents core tenets of monetarism, asserting that changes in the money supply are primary drivers of macroeconomic fluctuations and examining the limits of government intervention. It also includes foundational texts that challenge prevailing Keynesian models and outline an empirical, predictive approach to economic science. This volume is intended for economics students, academic researchers, and readers seeking a direct study of Friedman's theoretical contributions to modern economics.
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Books cited in Milton Friedman on Economics

Suggested by AI, not verified against the full text. Check the original book before using them as a source.

  1. Capitalism and Freedom

    Milton Friedman

    Citation

    Elaborates on the political and social policy implications of his economic theories.

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  2. The Purchasing Power of Money

    Irving Fisher

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    Establishes the quantitative theory of money that Friedman revitalized in modern monetarism.

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  3. The General Theory of Employment, Interest and Money

    John Maynard Keynes

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    Friedman engages with Keynesian macroeconomic foundational theories to critique Keynesian fiscal policy effectiveness.

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  4. A Monetary History of the United States, 1867–1960

    Milton Friedman and Anna J. Schwartz

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    Serves as the empirical foundation for Friedman's core arguments on money supply and inflation.

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  5. The Wealth of Nations

    Adam Smith

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    Provides the foundational free-market economic principles that frame Friedman's view on price mechanisms.

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  6. Free to Choose

    Milton and Rose Friedman

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    Translates his technical economic theories into accessible public policy arguments.

    Medium relevanceExplore

  7. Risk, Uncertainty and Profit

    Frank Knight

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    Influences Friedman's Chicago School methodology and theoretical approach to market dynamics.

    Medium relevanceExplore

  8. Principles of Economics

    Alfred Marshall

    Citation

    Informs Friedman's price theory and microeconomic analytical framework.

    Medium relevanceExplore

Recommendations

  • The Road to Serfdom

    Friedrich A. Hayek

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    Complements Friedman's critique of central planning and state intervention.

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  • Economics in One Lesson

    Henry Hazlitt

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    Shares Friedman's commitment to explaining market operations and countering interventionist policies.

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  • The Theory of Money and Credit

    Ludwig von Mises

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    Offers a parallel Austrian School perspective on monetary theory and central banking.

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  • The Deficit Myth

    Stephanie Kelton

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    Presents Modern Monetary Theory, offering a contemporary opposition to Friedman's monetarist principles.

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