Most Influential Works of Milton Friedman

Friday, November 17, 2006 | 06:55 AM

There's a ton of ink spilled on Milton Friedman (FT, NYT, WSJ) . Rather than add to the deluge of homages (you know my views that markets are imperfect), here is a short list of some of his best known and most influential writings:   

Capitalism and Freedom (1962)

Monetary Policy: Theory and Practice 
Journal of Money, Credit and Banking, February 1982

The monetarist controversy
Milton Friedman and Franco Modigliani
Federal Reserve Bank of San Francisco, Spring 1977

Inflation and Unemployment
Nobel Memorial Lecture, Dec 13, 1976

Have Monetary Policies Failed? 
American Economic Review, May 1972

A Monetary Theory of Nominal Income
Journal of Political Economy, April 1971

A Theoretical Framework for Monetary Analysis
Journal of Political Economy, March 1970

The Definition of Money: Net Wealth and Neutrality as Criteria 
Journal of Money, Credit and Banking, February 1969
Milton Friedman and Anna J. Schwartz

The Role of Monetary Policy
American Economic Review, March 1968

His autobio is here, and the wikipedia entery is here.

You now have sufficient reading to keep you busy all weekend . . .


UPDATE November 17, 2006 10:45am

Quote of the day:

"The Father of Monetarism (and proponent of free markets), Milton Friedman, died yesterday. Our friend Jimmy says Bernanke’s recent comments that trivialize money and monetary aggregates were probably too much for Milton to take." 
-Bill King


UPDATE November 17, 2006 3:24pm

The WSj page one piece moves to the free section: How Milton Friedman Changed Economics, Policy and Markets

Friday, November 17, 2006 | 06:55 AM | Permalink | Comments (24) | TrackBack (1) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Most Influential Works of Milton Friedman:

» Most Influential Works of Milton Friedman from
A short list of links to classic Friedman works [Read More]

Tracked on Nov 19, 2006 7:45:52 PM


Milton Friedman also thought that markets have imperfections. Plus, he was a sort of Keynesian (he did introduce many of his monetarist insights via a modified IS-LM model, didn't he?).

What Friedman did was to look hard at those imperfection and what we can actually do about them, if we go being the naivety of the counter-factual, omniscient welfare planner and that of what the state actually is and how it actually work, before we ask of it to control our lives.

I'm stick of people misrepresenting free market economists by strictly associating them with the model of perfect competition. -- That's a straw man.

Friedman, Stigler, their entire generation looked at market imperfection, market failures AND public failures, and saw that when government fails, and it mostly always does, things are far more ominous. They realized that interventionism is like asking a murderer to protect you from a thief.

Posted by: Gabriel M. | Nov 17, 2006 7:11:58 AM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™