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Milton Friedman
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Milton Friedman: Contributions to Economics and Public Policy

Robert A. Cord and J. Daniel Hammond

Abstract

Milton Friedman is widely regarded as one of the most influential economists of the twentieth century and possibly of all time. Although he made many important contributions to both economic theory and policy—most clearly demonstrated by his development of and support for the quantity theory of money—he was also active in various spheres of public policy, where he, more often than not, championed the free market and liberty. This volume can be seen as the first attempt to assess the importance of the full range of Friedman’s ideas, from his work on methodology in economics, his highly innovati ... More

Keywords: consumption theory, economic methodology, history of economic thought, Milton Friedman, monetary economics, personal recollections, public policy

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780198704324
Published to Oxford Scholarship Online: August 2016 DOI:10.1093/acprof:oso/9780198704324.001.0001

Authors

Affiliations are at time of print publication.

Robert A. Cord, editor
Researcher in Economics

J. Daniel Hammond, editor
Hultquist Family Professor of Economics and Department Chair, Wake Forest University

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Contents

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Introduction

Robert A. Cord and J. Daniel Hammond

Part I Reflections on Friedman

Chapter 2 Milton Friedman

Arnold C. Harberger

Part II Monetary Theory and Policy

Chapter 6 Milton Friedman as an Empirical Modeler

Neil R. Ericsson, David F. Hendry, and Stedman B. Hood

Chapter 11 Friedman, Chicago, and Monetary Rules

Harris Dellas and George S. Tavlas

Part III Consumption Theory, Fiscal Policy, and Public Policy

Part IV Methodology

Chapter 30 Milton Friedman

Gerald P. Dwyer

Part V Friedman and Other Economists

Chapter 32 How Friedman became the Anti-Keynes

Craig Freedman, G. C. Harcourt, Peter Kriesler, and J. W. Nevile

End Matter