Why Is Milton Friedman Influential?
According to Wikipedia , Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler and others, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students, young professors and academics who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr.
Milton Friedman's Published Works
Number of citations in a given year to any of this author's works
Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author
1940 1950 1960 1970 1980 1990 2000 2010 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 Published Papers The Social Responsibility of Business Is to Increase Its Profits THE ROLE OF MONETARY POLICY A Theory of the Consumption Function The Use of Ranks to Avoid the Assumption of Normality Implicit in the Analysis of Variance A Monetary History of the United States (3640) A Monetary History of the United States, 1867-1960 The Utility Analysis of Choices Involving Risk Capitalism and Freedom Capitalism and Freedom A Comparison of Alternative Tests of Significance for the Problem of $m$ Rankings Nobel Lecture: Inflation and Unemployment Capitalism and Freedom. A Program for Monetary Stability. Essays in Positive Economics The Optimum Quantity of Money''in The Optimum Quantity of Money and other essays A Theory of the Consumption Function Essays in Positive Economics. Do Old Fallacies Ever Die (870) Essays in Positive Economics. A Theoretical Framework for Monetary Analysis A Monetary History of the United States, 1867-1960 The Case for Flexible Exchange Rates Free to Choose: a personal Statement Monetary Trends in the United States and United Kingdom: Their Relation to Income, Prices, and Interest Rates, 1867–1975 Inflation and Unemployment (575) A Monetary and Fiscal Framework for Economic Stability Essays in Positive Economics Studies in the Quantity Theory of Money. Money and Business Cycles Capitalism and Freedom: Fortieth Anniversary Edition A Theory of the Consumption Function A Monetary History of the United States, 1867-1960 Income from Independent Professional Practice. The Lag in Effect of Monetary Policy Monetary Trends in the United States and the United Kingdom The Expected-Utility Hypothesis and the Measurability of Utility Inflation: Causes and Consequences (299) THE “PLUCKING MODEL” OF BUSINESS FLUCTUATIONS REVISITED Money and the Stock Market Choice, Chance, and the Personal Distribution of Income The limitations of tax limitation (249) Government Revenue from Inflation Studies in the Quantity Theory of Money Money Mischief: Episodes in Monetary History (215) Public Schools: Make Them Private The Counter-Revolution In Monetary Theory Comments on the Critics Has Government Any Role in Money Monetary Statistics of the United States Alternative Approaches to Analyzing Economic Data (175) The Permanent Income Hypothesis (174) A Monetary Theory of Nominal Income The Marshallian Demand Curve Foreign Economic Aid: Means and Objectives (155) Commodity-Reserve Currency Monetary Policy: Theory and Practice Monetary Statistics of the United States: Estimates, Sources, Methods Milton Friedman's Monetary Framework: A Debate with His Critics The Monetary Theory and Policy of Henry Simons Commercial production and development. Two Lucky People: Memoirs Studies in the Quantity Theory of Money A Monetary History of the United States 1867-1960 Tyranny of the status quo (119) Monetary Trends in the United States and the United Kingdom: Their Relation to Income, Prices, and Interest Rates, 1867-1975. Studies in the Quantity Theory of Money. A Correction: The Use of Ranks to Avoid the Assumption of Normality Implicit in the Analysis of Variance It ' s Baaack : Japan ' s Slump and the Return of the Liquidity Trap (100) Lerner on the Economics of Control There's No Such Thing As a Free Lunch (95) Income from Independent Professional Practice Quantity Theory of Money The Crime of 1873 Price Theory: A Provisional Text (88) Have Monetary Policies Failed (88) VIII SHOULD THERE BE AN INDEPENDENT MONETARY AUTHORITY Interest Rates and the Demand for Money The role of monetary policy American Economic Review (1968) 58, March, pp. 1–17 Monetary Variability: United States and Japan Money and economic development (64) Price Theory Old Wine in New Bottles Comment on Tobin The Methodology of Positive Economics: The methodology of positive economics (1953) Capitalism and Freedom The Ethics Of Competition And Other Essays On Milton Friedman Time Perspective in Demand for Money Why Government Is the Problem (52) Economists and Economic Policy Making Chicago price theory : Friedman-Stigler correspondence, 1945-1957 An economist's protest (51) The Resource Cost of Irredeemable Paper Money Unemployment versus Inflation? An Evaluation of the Phillips Curve Essays in Positive Economics The Great Contraction, 1929-1933 (45) The Euro-dollar market: some first principles Controls on Interest Rates Paid by Banks The Essence of Friedman Dollars and Deficits : Inflation, Monetary Policy and the Balance of Payments (43) The Definition of Money: Net Wealth and Neutrality as Criteria Franklin D. Roosevelt, Silver, and China Aid and Growth: the Current Debate and Some New Evidence (40) Real and Pseudo Gold Standards The Reduction of Fluctuations in the Incomes of Primary Producers: A Critical Comment Unity with Diversity in the European Economy : The Community ' s Southern Frontier (38) A Theory of the Consumption Function A Natural Experiment in Monetary Policy Covering Three Episodes of Growth and Decline in the Economy and the Stock Market The counter-revolution in monetary theory : first Wincott memorial lecture, delivered at the Senate House, University of London, 16 September, 1970 (37) The "Welfare" Effects of an Income Tax and an Excise Tax Inflation and Unemployment: The New Dimension of Politics (36) A Statistical Illusion in Judging Keynesian Models Wesley C. Mitchell as an Economic Theorist Comment on "Collusion in the Auction Market for Treasury Bills" More on Archibald versus Chicago Essays in Positive Economics Part I - The Methodology of Positive Economics * (35) Money and Economic Development: The Horowitz Lectures of 1972. Price Determination in the United States Treasury Bill Market: A Comment Introduction to "A Theory of the Consumption Function" (33) Social Security: Universal or Selective (32) Dollars and deficits : living with America's economic problems (28) Adam Smith's relevance for 1976 (28) Monetary Vs Fiscal Policy (28) Monetary Policy: Theory and Practice: A Reply An economist's protest : columns in political economy (25) The balance of payments: free versus fixed exchange rates (24) A Monetary History of the United States, 1867-1960. Monetary Policy in Developing Countries Tax limitation, inflation and the role of government (23) From Galbraith to economic freedom (22) 25 Years after the Rediscovery of Money: What Have We Learned? Discussion (22) Using the Market for Social Development (22) The Fraser Institute Monetary Correction: A Proposal for Escalator Clauses to Reduce the Costs of Ending Inflation (21) A Method of Comparing Incomes of Families Differing in Composition (21) What All is Utility Bright Promises, Dismal Performance: An Economist's Protest (21) The Effect of Term Structure of Interest Rates on the Demand for Money in the United States John Maynard Keynes Comments on Monetary Policy Die optimale Geldmenge und andere Essays (19) A Theoretical Framework for Monetary Analysis The Case for Overhauling the Federal Reserve The failure of the bank of United States: A reappraisal: A reply Trade-offs in Monetary Policy Marginal Utility of Money and Elasticities of Demand Capitalisme et liberté (16) Professor Pigou's Method for Measuring Elasticities of Demand from Budgetary Data Money, Inflation and the Constitutional Position of the Central Bank (15) RECENT BEHAVIOR OF THE VELOCITY OF MONEY Milton Friedman on Economics: Selected Papers (15) From Gibson to Fisher (15) Taxing to prevent inflation : techniques for estimating revenue requirements The Marshallian Demand Curve: A Reply Free Markets and the End of History The Need for Futures Markets in Currencies (14) Incomes from Independent Professional Practice, 1929-1936 (14) Studies in the Quantity Theory of Money. Adam Smith's Relevance for Today Monetary Data and National Income Estimates The Fragility of Freedom (12) The Data on Income from Independent Professional Practice (12) Inflation et systèmes monétaires (10) Financial Futures Markets and Tabular Standards The Demand For Money Essays on Inflation and Indexation (8) Monopolistic Competition and General Equilibrium Theory. Robert Triffin. Cambridge. Harvard University Press, 1940. Pp. 197. $2.50 Science Over Politics Reflections on A Monetary History (8) Essais d'économie positive (8) Friedman In China (8) A Monetarist View. Monetary Policy Structures (7) The Friedman-Becker Illusion: Supplementary Comment Constitutional Amendment to Limit the Growth of Spending Marshall and Friedman on Union Strength: Comment A Comment on CSWEP The Great Contraction, 1929-1933: New Edition Letter on Monetary Policy Round Table on Exchange Rate Policy (7) The Philosophy of Economics: The Methodology of Positive Economics The John R. Commons Lecture December, 1971 — New Orleans: Monetary Trends in the United States and the United Kingdom The Economic Theorist (6) Rent control, myths & realities : international evidence of the effects of rent control in six countries (6) The theory of currency competition Friedman (M.) and Schwartz (A. J.). Monetary Statistics of the United States The Implications of the Pure Theory of Consumer Behavior Libertarians on the road to town planning (6) The most significant contributions to economics during the twentieth century: lists of the Nobel laureates Prices of Money and Goods across Frontiers: the £ and $ over a Century The Role of Money A Fiscal and Monetary Framework for Economic Stability The Income Structure of the United States. Vault Cash and Free Reserves A Bias in Current Measures of Economic Growth The Relation Between the Permanent Income and Relative Income Hypotheses The Friedman-Becker Illusion: Reply Keynes and the Quantity Theory: A Comment on The Friedman-Meiselman CMC Paper: Reply to Donald Hester THE PRESENT STATE OF MONETARY THEORY PRODUCTION TRENDS IN THE UNITED STATES (5) Capitalism and Freedom: Problems and Prospects (Proceedings of a Conference in Honour of Milton Friedman). Plans for a Study of the Consumption of Goods and Services by American Families "Welfare" Effects: A Reply Why Was Monetary Policy So Inept (4) World War II Inflation, September 1939–August 1948 Friedman on Galbraith, and on curing the British disease (4) The invisible hand in economics and politics (4) The General Statistical Framework (4) III. Methods of Predicting the Onset of Inflation MONETARY POLICY IN A FIAT WORLD New Anti-Crisis Instruments For Market Economy (4) Money and Finance in Contemporary Yugoslavia (4) The Monetarist Controversy: A Seminar Discussion (4) Monetary Unity, Political Disunity (3) A Monetary History of the United States, 1867–1960 . By Milton Friedman and Anna Jacobsen Schwartz, New York, National Bureau of Economic Research, Princeton, N.J.: Princeton University Press. 1963. Pp. 860. $15.00. Politics and Tyranny: Lessons in the Pursuit of Freedom (3) Current Evidence on the Resource Costs of Irredeemable Paper Money (3) Reply to Kuh and Johnston The anatomy of Crisis* The Adjustment Process (3) Prices of Money and Goods Across Frontiers: The Pound and the Dollar Over a Century (3) Money and Economic Development: The Horowitz Lectures of 1972 Money and Interest Rates Consistency of the Permanent Income Hypothesis with Existing Evidence on the Relation between Consumption and Income: Budget Studies Friedman on India (3) The Puzzling Case for Proportionate Taxation (3) The Suicidal Impulse Of The Business Community (3) Income from Independent Professional Practice. Consistency of the Permanent Income Hypothesis with Existing Evidence on the Relation between Consumption and Income: Time Series Data Interrelations between the United States and the United Kingdom, 1873–1975 Correspondence of the Monetary Theory of Nominal Income with Experience (2) Rent Control and the Housing Shortage: A Commentary on "Roofs or Ceilings?" by Friedman and Stigler Passing down the Chilean Recipe Indexing and inflation: An AEI round table held on 17 July 1974 at the American Enterprise Institute for Public Policy Research, Washington, D.C (2) Stigler, George Joseph (1911–91) Money, Money Everywhere: A Retrospective Review@@@A Monetary History of the United States, 1867-1960. Worswick's Criticism of the Correlation Criterion: A Comment Taxing to Prevent Inflation. Further Notes on Elasticity of Substitution: I. Note on Dr. Machlup's Article Reflections on Peter Bauer's Contributions to Development Economics (2) Friedman on Friedman Taxing to Prevent Inflation. National Science Foundation Grants for Economics: Correspondence Some Dynamic Implications of the Monetary Theory of Nominal Income (2) Free to choose : a personal statement / Milton Friedman, Rose Friedman (2) The Keynesian Challenge to the Quantity Theory (2) The Business system : a bicentennial view (1) Temporal Changes in Income (1) Reports on Selected Bureau Programs (1) The FiFTieTh AnniversAry oF FriedmAn And schw Ar Tz's A moneTAry his Tory oF The UniTed sTATes ‡ (1) Serfdom USA: How Far Have We Traveled Down Hayek's "Road?" (Author Friedrich Hayek's 'The Road to Serfdom') (1) The Quantity Theory: Nominal versus Real Quantity of Money (1) Rational Expectations and Inflation. Thomas J. Sargent Incomes in the Professions and in Other Pursuits (1) Velocity and the Demand for Money (1) Amount of taxes needed in June 1942 to avert inflation : a preliminary report submitted to a Joint Committee of the Carnegie Corporation and the Institute of Public Administration (1) Foreword - The Legacy of Milton and Rose Friedman's Free to Choose: Economic Liberalism at the Turn of the 21st Century (1) Book Review:Seasonal Variations in Industry and Trade Simon Kuznets The Stability of Relative Income Status (1) The Methodology of Positive Economics: Final word Milton Friedman on Economics Friedman On Money@@@The Optimum Quantity of Money and Other Essays. The Five Professions Studied (1) A Program for Monetary Stability. Incomes in the Five Professions (1) Monetary policy: a letter (II) (1) Luncheon in Honor of Individuals and Institutions Participating in the First Income and Wealth Conference (December 1936 - January 1937) (1) The Impact of the Union. Eight Economist Theorists Evaluate the Labor Union Movement Evidence from Income Data on the Relative Importance of Permanent and Transitory Components of Income A Milton Friedman--Sir Dennis Robertson Correspondence Front Matter "A Theory of the Consumption Function" (1) Capitalism and Freedom. Prix et théorie economique (1) A review of Donald MacKenzie Systeme automatise et procede pour la constitution d'un jury voir-dire (0) International Character of the Contraction (0) Deposits at Mutual Savings Banks: Call Date and Monthly Estimates (0) Free Versus Fixed Exchange Rates Studies in the quantity theory of money . Collective choice and social welfare (0) Factors Accounting for Changes in the Stock of Money Basis for Our Choice of Definition (0) Socialist economies in transition 1 (4, 5) (0) The Economics of Under-developed Countries.@@@Economic Analysis and Policy in Underdeveloped Countries. CHAPTER 8. New Deal Changes in the Banking Structure and Monetary Standard Introduction to "Monetary Statistics of the United States: Estimates, Sources, Methods" Principal Empirical Findings (0) Introduction to "The Great Contraction, 1929–33" (0) Regulation foe: Milton Friedman tells why he is against. (0) I. THE RELATION BETWEEN POSITIVE AND NORMATIVE ECONOMICS (0) A Theory of the Consumption Function Estimates for the Period Before 1867 (0) Movements of Money, Income, and Prices (0) 3. Bank Failures Part Two: Earlier Estimates, Introduction (0) Groenewegen’s Marshall: A Review Notes on the Arguments For and Against Merit Systems (0) Friedman contra Galbraith (0) Monetary History and Monetary Policy: A Review Article@@@A Monetary History of the United States, 1867-1960. The Missing Equation: Three Approaches (0) Using the Free Market to Resolve the Balance of Payments Problem CHAPTER 4. Gold Inflation and Banking Reform, 1897-1914 CHAPTER 13. A Summing Up Appendix B: Supplementary Material (0) The Role of Incentive in Government and Private Behavior (0) Other Determinants of Professional Income (0) Deposits and Commercial Banks: Monthly Estimates (0) Scope of the Study Privatization and School Vouchers 101: ATR's Guide to Comprehensive Education Reform (0) The Course of Money, Income, Prices, Velocity, and Interest Rates (0) The Basic Data 2 Money and Business Cycles (0) Economic Advice and Political Limitations: Rejoinder CHAPTER 9. Cyclical Changes, 1933-41 Monetary Trends in the U. S. and the U. K.@@@Monetary Trends in the United States and the United Kingdom: Their Relation to Income, Prices, and Interest Rates, 1867-1975 An American Philosophy of Social Security: Evaluation and Issues@@@Social Security: Universal or Selective@@@Launching Social Security: A Capture-and-Record Account, 1935-1937 CHAPTER 2. The Greenback Period Containing spending Part One: Definition of Money, Introduction (0) Milton Friedman : Theory of the Consumption Function (0) Book Review:Cyclical Fluctuations in Commodity Stocks Ralph H. Blodgett Inflation. Causes and Cures Currency Held by the Public: Call Date and Monthly Estimates (0) CHAPTER 5. Early Years of the Federal Reserve System, 1914-21 Sources of Figures A Treatise on War Inflation@@@Taxing to Prevent Inflation Staff Reports: Business Cycles (0) Monetary Influences on Nominal Income (0) Chapter 2. Cyclical Changes, 1933–41 IX. Summary and Conclusion Supply of Money in Nominal Units (0) CGECAF. Théories contre l'impôt (0) Front matter to "The Great Contraction, 1929–33" (0) National Ambient Air Quality Standards (Naaqs) Brief Conclusion on Definition (0) Working Paper 84-2 THE FORMULATION OF MONETARY POLICY (0) Correspondence with Milton Friedman (National Bureau of Economic Research) (0) Income from Independent Professional Practice . By Milton Friedman and Simon Kuznets. New York: National Bureau of Economic Research. 1945. Pp. xxxiii, 599. ($4.50) Appendix C: Samples of Questionnaires Sent Out by Department of Commerce (0) Letter from Milton Friedman to Joshua Lederberg (0) Our fate hinged on what Pa ul Samuelson thought of a book whose hero was patterned after (0) U.S. MONETARY POLICY: FINE-TUNING THE OBJECTIVES (0) The General Theoretical Framework (0) Appendix A: The Reliability of the Department of Commerce Samples (0) M. Friedman, Inflation et systèmes monétaires, Calman-Lévy, 1970. (0) Sources and Accuracy of Basic Data (0) Monetary Statistics of the United States. Israel : A feeling for the country (0) The Nobel Prize in economics, 1976 : a talk (0) Deposits with the Postal Savings System (0) Capitalism and Morality (0) A Priori Approaches (0) SAVINGS AND THE BALANCE SHEET Hétérodoxie.: Entretien avec Robert Lozada sur les élections, américaines et les rapports entre les États-Unis et l'Europe Deposits and Commercial Banks: Call Dates (0) Part Three: Derivation of Our Estimates, Introduction (0) Mr. Broster on Demand Curves Federal Reserve: How not to stop inflation (0) Development of Monetary Policy (0) Chapter 1. New Deal Changes in the Banking Structure and Monetary Standard INFLATION DYNAMICS IN THE ESCWA REGION: A VECTOR AUTOREGRESSIVE ANALYSIS (0) CHAPTER 11. Revival of Monetary Policy, 1948-60 "I Have a Dream": Ideas for Rebuilding American Culture (0) 6. Alternative Policies SYMPOSIUM ON MARSHALL'S TENDENCIES: 5 SUTTON'S CRITIQUE OF ECONOMETRICS (0) "Vouchers . . . would generate a competitive education market, which would lead to a burst of innovation and improvement . . . there's nothing that would do so much to ensure a skilled and educated work force." (0) REFLECTIONS ON AM ONETARY HISTORY (0) Tables of content, preface (0) Division of Change in Income between Prices and Output (0) Basic Data Front matter, tables of content, preface (0) Cyclical Changes, 1933–41 (0) The monetarist controversy: discussion (0) Errors of Estimation Associated with Noncorrelation Methods (0) Back Matter CORPORATE RESPONSIBILITY: THE STAKEHOLDER PARADOX RECONSIDERED (0) Velocity and the Interrelations between the United States and the United Kingdom (0) APPENDIX B. Proximate Determinants of the Nominal Stock of Money Income and the Location of Practice (0) Basic Data CHAPTER 6. The High Tide of the Reserve System, 1921-29 CHAPTER 7. The Great Contraction, 1929-33 Non-correlation Methods of Using Related Series (0) Basic Data Annual, Semiannual, and Quarterly Estimates, 1867-1907 (0) Estimates for the Period Since 1867 (0) The Teaching of Statistics.@@@The Teaching of Statistics in Universities and Colleges. The Form in Which to Use the Data (0) The Rise in Personal Bankruptcies: The Eighth Federal Reserve District and Beyond (0) Migrants on the move in Europe North African tumult tests EU ’ s border free travel regime (0) CHAPTER 12. The Postwar Rise in Velocity 2. Two Lists of Topics for Further Study and a Proposed Outline for Conference Papers General Features of Our Estimates (0) Comparison of Earlier Estimates With Our Own (0) This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: A Theory of the Consumption Function (0) Glossary, Sources, Indexes (0) Long Swings in Growth Rates (0) CLASSICAL LIBERAL AS ECONOMIC SCIENTIST Comparison of the Three Approacbes (0) CHAPTER 3. Silver Politics and the Secular Decline in Prices, 1879-97 Milton Friedman - The Social Security Myth (0) Front matter, "A Theoretical Framework for Monetary Analysis" (0) Anna J. Schwartz: An Appreciation (0) A Healthy Information Economy (In Memoriam (0) Overseas Special Advisers (0) The Missing Equation: The Third Approach Examined (0) United States Government Balances (0) More Papers This paper list is powered by the following services:
Other Resources About Milton Friedman What Schools Are Affiliated With Milton Friedman? Milton Friedman is affiliated with the following schools:
What Are Milton Friedman's Academic Contributions? Milton Friedman is most known for their academic work in the field of economics. They are also known for their academic work in the fields of mathematics and literature.
Milton Friedman has made the following academic contributions:
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