Milton Friedman bibliography


The following is a list of works by the prominent American economist Milton Friedman.

Books and articles for general audiences

Wall Street Journal, Nov. 17, 2006, p. A20
  • J. Daniel Hammond and Claire H. Hammond, ed., Making Chicago Price Theory: Friedman-Stigler Correspondence, 1945–1957. Routledge, 2006. 165 pp. .
  • "Reflections on A Monetary History," The Cato Journal, Vol. 23, 2004, essayTwo Lucky People: Memoirs George J. Stigler, 1911–1991: Biographical Memoir,,
  • "The Case for Free Trade" with Rose Friedman, 1997, Hoover Digest magazine articleMoney Mischief: Episodes in Monetary History,, 286 pp.George Stigler: A Personal Reminiscence, Journal of Political Economy Vol. 101, No. 5, pp. 768–73
  • "The Drug War as a Socialist Enterprise," in Arnold S. Trebach, ed. Friedman and Szasz on Liberty and Drugs: Essays on the Free Market and Prohibition Economic Freedom, Human Freedom, Political Freedom, short pamphlet
  • , provided by Indian economist Subroto Roy The Essence of Friedman, essays edited by Kurt R. Leube,
  • "The Case for Overhauling the Federal Reserve,", Challenge magazine articleThe Tyranny of the Status Quo, 192 ppFree to Choose: A Personal Statement, with Rose Friedman,, highly influential restatement of policy viewsFrom Galbraith to Economic Freedom, Institute of Economic Affairs, Occasional Paper 49 There's No Such Thing as a Free Lunch, columns from Newsweek magazine Unemployment versus Inflation?, Institute of Economic Affairs, Occasional Paper 44 Social Security: Universal or Selective? with Wilbur J. Cohen
  • , The New York Times Magazine, September 13, 1970
  • , New Individualist Review, Spring 1967An Economist's Protest: Columns in Political Economy, Thomas Horton and Company Capitalism and Freedom, highly influential series of essays that established Friedman's position on major issues of public policy Roofs or Ceilings?: The Current Housing Problem with George J. Stigler., 22 pp. attacks rent control

Videos

The Power of Choice.Free to Choose .PRC Forum: Milton Friedman.Monetary Revolutions.Money.Efforts in Eastern Europe to Localize Government.Privatization Trends in Eastern Europe.Health Care Reform.Economically Speaking – Why Economists Disagree.Milton Friedman Speaks: Lecture 01, "What is America?" and Q & A.Milton Friedman Speaks: Lecture 02, "Myths That Conceal Reality" and Q & A.Milton Friedman Speaks: Lecture 03, "Is Capitalism Humane?" and Q & A.Milton Friedman Speaks: Lecture 04, "The Role of Government in a Free Society" and Q & A.Milton Friedman Speaks: Lecture 05, "What Is Wrong with the Welfare State?" and Q & A.Milton Friedman Speaks: Lecture 06, "Money and Inflation" and Q & A.Milton Friedman Speaks: Lecture 07, "Is Tax Reform Possible?" and Q & A.Milton Friedman Speaks: Lecture 08, "Free Trade: Producer vs. Consumer" and Q & A.Milton Friedman Speaks: Lecture 09, "The Energy Crisis: A Humane Solution" and Q & A.Milton Friedman Speaks: Lecture 10, "The Economics of Medical Care" and Q & A.Milton Friedman Speaks: Lecture 11, "Putting Learning Back in the Classroom" and Q & A.Milton Friedman Speaks: Lecture 12, "Who Protects the Consumer?" and Q & A.Milton Friedman Speaks: Lecture 13, "Who Protects the Worker?" and Q & A.Milton Friedman Speaks: Lecture 14, "Equality and Freedom in the Free Enterprise System" and Q & A.Milton Friedman Speaks: Lecture 15, "The Future of Our Free Society" and Q & A.

Economic books and articles (in chronological order)

  • "Professor Pigou's Method for Measuring Elasticities of Demand From Budgetary Data" The Quarterly Journal of Economics Vol. 50, No. 1, pp. 151–63
  • "Marginal Utility of Money and Elasticities of Demand," The Quarterly Journal of Economics Vol. 50, No. 3, pp. 532–33
  • "The Use of Ranks to Avoid the Assumption of Normality Implicit in the Analysis of Variance," Journal of the American Statistical Association Vol. 32, No. 200, pp. 675–701
  • "The Inflationary Gap: II. Discussion of the Inflationary Gap," American Economic Review Vol. 32, No. 2, Part 1, pp. 314–20
  • "The Spendings Tax as a Wartime Fiscal Measure," American Economic Review Vol. 33, No. 1, Part 1, pp. 50–62 Taxing to Prevent Inflation: Techniques for Estimating Revenue Requirements with Carl Shoup and Ruth P. MackIncome from Independent Professional Practice with Simon Kuznets, Friedman's PhD thesis
  • "Lange on Price Flexibility and Employment: A Methodological Criticism," American Economic Review Vol. 36, No. 4, pp. 613–31
  • "Utility Analysis of Choices Involving Risk" with Leonard Savage, 1948, Journal of Political Economy Vol. 56, No. 4, pp. 279–304
  • "A Monetary and Fiscal Framework for Economic Stability", 1948, American Economic Review, Vol. 38, No. 3, pp. 245–64
  • "A Fiscal and Monetary Framework for Economic Stability," Econometrica Vol. 17, Supplement: Report of the Washington Meeting, pp. 330–32
  • "The Marshallian Demand Curve," The Journal of Political Economy Vol. 57, No. 6, pp. 463–95
  • "Wesley C. Mitchell as an Economic Theorist," The Journal of Political Economy Vol. 58, No. 6, pp. 465–93
  • "Some Comments on the Significance of Labor Unions for Economic Policy", 1951, in D. McC. Wright, editor, The Impact of the Union.
  • "Commodity-Reserve Currency," Journal of Political Economy Vol. 59, No. 3, pp. 203–32
  • "Price, Income, and Monetary Changes in Three Wartime Periods," American Economic Review Vol. 42, No. 2, Papers and Proceedings of the Sixty-fourth Annual Meeting of the American Economic Association, pp. 612–25
  • "The Expected-Utility Hypothesis and the Measurability of Utility", with Leonard Savage, 1952, Journal of Political Economy Vol. 60, No. 6, pp. 463–74 Essays in Positive Economics
  • "Choice, Chance, and the Personal Distribution of Income," Journal of Political Economy Vol. 61, No. 4, pp. 277–90
  • "A Memorandum to the Government of India November 1955", MS first published at University of Hawaii May 21, 1989; first published in the book Foundations of India's Political Economy, edited by Subroto Roy & WE James, Sage 1992
  • "The Quantity Theory of Money: A restatement", 1956, in Friedman, editor, Studies in Quantity Theory.A Theory of the Consumption Function
  • "A Statistical Illusion in Judging Keynesian Models" with Gary S. Becker, Journal of Political Economy Vol. 65, No. 1, pp. 64–75
  • "The Supply of Money and Changes in Prices and Output", 1958, in Relationship of Prices to Economic Stability and Growth.
  • "The Demand for Money: Some Theoretical and Empirical Results," Journal of Political Economy Vol. 67, No. 4, pp. 327–51 A Program for Monetary Stability 110 pp
  • "Monetary Data and National Income Estimates," Economic Development and Cultural Change Vol. 9, No. 3,, pp. 267–86
  • "The Lag in Effect of Monetary Policy," Journal of Political EconomyVol. 69, No. 5, pp. 447–66 Price Theory, college textbook
  • "The Interpolation of Time Series by Related Series," Journal of the American Statistical Association Vol. 57, No. 300, pp. 729–57
  • "Should There be an Independent Monetary Authority?", in L.B. Yeager, editor, In Search of a Monetary ConstitutionInflation: Causes and consequences, 1963.
  • "Money and Business Cycles," The Review of Economics and Statistics Vol. 45, No. 1, Part 2, Supplement, pp. 32–64 A Monetary History of the United States, 1867–1960, with Anna J. Schwartz, 1963; part 3 reprinted as The Great Contraction
  • "Money and Business Cycles" with A. J. Schwartz, 1963, Review of Economics & Statistics.
  • "The Relative Stability of Monetary Velocity and the Investment Multiplier in the United States, 1898–1958", with D. Meiselman, 1963, in Stabilization Policies.
  • "A Reply to Donald Hester", with D. Meiselman, 1964
  • "Reply to Ando and Modigliani and to DePrano and Mayer," with David Meiselman. American Economic Review Vol. 55, No. 4, pp. 753–85
  • "Interest Rates and the Demand for Money," Journal of Law and Economics Vol. 9, pp. 71–85 The Balance of Payments: Free Versus Fixed Exchange Rates with Robert V. Roosa
  • "The Monetary Theory and Policy of Henry Simons," Journal of Law and Economics Vol. 10, pp. 1–13
  • "What Price Guideposts?", in G.P. Schultz, R.Z. Aliber, editors, Guidelines
  • "The Role of Monetary Policy." American Economic Review, Vol. 58, No. 1, pp. 1–17 presidential address to American Economics Association
  • "Money: the Quantity Theory", 1968, IESS
  • "The Definition of Money: Net Wealth and Neutrality as Criteria" with Anna J. Schwartz, Journal of Money, Credit and Banking Vol. 1, No. 1, pp. 1–14 Monetary vs. Fiscal Policy with Walter W. Heller
  • "Comment on Tobin", 1970, Quarterly Journal of EconomicsMonetary Statistics of the United States: Estimates, Sources, Methods. with Anna J. Schwartz, 1970.
  • "A Theoretical Framework for Monetary Analysis," Journal of Political Economy Vol. 78, No. 2, pp. 193–238 The Counter-Revolution in Monetary Theory 1970.
  • "A Monetary Theory of Nominal Income", 1971, Journal of Political Economy
  • "Government Revenue from Inflation," Journal of Political Economy Vol. 79, No. 4, pp. 846–56
  • "Have Monetary Policies Failed?" American Economic Review Vol. 62, No. 1/2, pp. 11–18
  • "Comments on the Critics," Journal of Political Economy Vol. 80, No. 5, pp. 906–50
  • "Comments on the Critics", 1974, in Gordon, ed. Milton Friedman and his Critics.
  • "Monetary Correction: A proposal for escalation clauses to reduce the cost of ending inflation", 1974The Optimum Quantity of Money: And Other Essays Milton Friedman in Australia, 1975 Milton Friedman's Monetary Framework: A Debate with His Critics
  • "Comments on Tobin and Buiter", 1976, in J. Stein, editor, Monetarism.
  • "Inflation and Unemployment: Nobel lecture", 1977, Journal of Political Economy. Vol. 85, pp. 451–72.
  • to Indianapolis: Liberty Fund, pp. ix-xiv... A collection of issues spanning April 1961 to Winter 1968.
  • "Interrelations between the United States and the United Kingdom, 1873–1975.", with A.J. Schwartz, 1982, J Int Money and FinanceMonetary Trends in the United States and the United Kingdom: Their relations to income, prices and interest rates, 1876–1975. with Anna J. Schwartz, 1982
  • "Monetary Policy: Theory and Practice," Journal of Money, Credit and Banking Vol. 14, No. 1, pp. 98–118
  • "Monetary Policy: Tactics versus strategy", 1984, in Moore, editor, To Promote Prosperity.
  • "Lessons from the 1979–1982 Monetary Policy Experiment," American Economic Review Vol. 74, No. 2, Papers and Proceedings... of the American Economic Association, pp. 397–401.
  • "Has Government Any Role in Money?" with Anna J. Schwartz, 1986, JME
  • "Quantity Theory of Money", in J. Eatwell, M. Milgate, P. Newman, eds., The New Palgrave
  • "Money and the Stock Market," Journal of Political Economy Vol. 96, No. 2, pp. 221–45
  • "Bimetallism Revisited," Journal of Economic Perspectives Vol. 4, No. 4, pp. 85–104
  • "The Crime of 1873," Journal of Political Economy Vol. 98, No. 6, pp. 1159–1194
  • "Franklin D. Roosevelt, Silver, and China," Journal of Political Economy Vol. 100, No. 1, pp. 62–83 Milton Friedman on Economics: Selected Papers by Milton Friedman, edited by Gary S. Becker

About Friedman

  • Butler, Eamonn. "Milton Friedman: A Guide to His Economic Thought" Introductory guide to Milton Friedman
  • Chao, Hsiang-ke. "Milton Friedman and the Emergence of the Permanent Income Hypothesis" History of Political Economy 2003 35: 77–104. Fulltext in Project Muse
  • A.W. (Bob) Coats; "The Legacy of Milton Friedman as Teacher" Economic Record, Vol. 77, 2001
  • Doherty, Brian. Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement
  • Ebenstein, Lanny. Milton Friedman: A Biography
  • Frazer, William. Power and Ideas: Milton Friedman and the Big U-Turn. Vol. 1: The Background. Vol. 2: The U-Turn. Gainesville, Fla.: Gulf/Atlantic, 1988. 867 pp.
  • Hammond, J. Daniel. "Remembering Economics" Journal of the History of Economic Thought 2003 25: 133–43. ; focus is on Friedman
  • Hirsch, Abraham, and Neil de Marchi. Milton Friedman: Economics in Theory and Practice his methodology
  • Jordan, Jerry L., Allan H. Meltzer, Thomas J. Sargent and Anna J. Schwartz; "Milton, Money, and Mischief: Symposium and Articles in Honor of Milton Friedman's 80th Birthday" Economic Inquiry. Volume: 31. Issue: 2. 1993. pp. 197+. in JSTOR
  • Kasper, Sherryl. The Revival of Laissez-Faire in American Macroeconomic Theory: A Case Study of Its Pioneers
  • Krugman, Paul. "Who Was Milton Friedman?" New York Review of Books Vol 54#2 Feb. 15, 2007
  • Leeson, Robert, ed. Ideology and International Economy: The Decline and Fall of Bretton Woods
  • Powell, Jim. The Triumph of Liberty. See profile of Friedman in the chapter "Inflation and Depression."
  • Rayack; Elton. Not So Free to Choose: The Political Economy of Milton Friedman and Ronald Reagan Praeger, 1987; attacks Friedman's policies from the left
  • Roy, Subroto, "Milton Friedman, A Man of Reason ", Obituary in The Statesman newspaper Perspective Page, www.thestatesman.net, November 22, 2006, also available at http://independentindian.com/2006/11/22/milton-friedman-a-man-of-reason-1912-2006/
  • Tavlas, George S. "Retrospectives: Was the Monetarist Tradition Invented?" Journal of Economic Perspectives 1998 12: 211–22. Fulltext in JSTOR
  • Stigler, George Joseph. Memoirs of an Unregulated Economist
  • Wahid, Abu N. M. ed; Frontiers of Economics: Nobel Laureates of the Twentieth Century. Greenwood Press. 2002 pp. 109–15.
  • Walters, Alan, "Friedman, Milton," New Palgrave: A Dictionary of Economics, v. 2, pp. 422–26