Bøger af Milton Friedman

How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? Milton Friedman presents his view of the proper role of competitive capitalism both as a device for achieving economic freedom and a necessary condition for political freedom

Argues that free-market forces work better than government controls for achieving real equality and security, protecting consumers and workers, providing education, and avoiding inflation and unemployment.

Writing in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "e;The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement--monumental in its sheer bulk, monumental in the definitiveness of its treatment of innumerable issues, large and small . . . monumental, above all, in the theoretical and statistical effort and ingenuity that have been brought to bear on the solution of complex and subtle economic issues."e; Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, The Great Contraction--which Princeton published in 1965 as a separate paperback--they address the central economic event of the century, the Depression. According to Hugh Rockoff, writing in January 1965: "e;If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger."e; Milton Friedman won the Nobel Prize in Economics in 1976 for work related to A Monetary History as well as to his other Princeton University Press book, A Theory of the Consumption Function (1957).

""The Demand for Money: Some Theoretical and Empirical Results"" is a book written by Nobel Prize-winning economist Milton Friedman. The book explores the concept of the demand for money and its role in the economy. Friedman argues that the demand for money is not simply a matter of convenience or preference, but rather a key factor in determining economic activity. He presents both theoretical and empirical evidence to support his argument, drawing on a range of data from different countries and time periods. The book is aimed at economists, policymakers, and anyone interested in understanding the workings of the economy. It is considered a classic in the field of monetary economics and has had a significant impact on economic theory and policy.This is a new release of the original 1959 edition.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

A Program for Monetary Stability is a book that contains the third set of Millar Lectures delivered by the renowned economist Milton Friedman. The book is a comprehensive analysis of the monetary system and the role of government in its regulation. Friedman argues that government intervention in the monetary system has been the cause of instability and inflation in the economy. He proposes a program for monetary stability that would involve the establishment of a fixed rate of growth for the money supply, which would be determined by the market rather than the government. The book also discusses the benefits of a free market economy and the dangers of government intervention in the economy. Overall, A Program for Monetary Stability is a seminal work in the field of economics and provides a clear and concise argument for the importance of monetary stability in promoting economic growth and prosperity.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

This is a new release of the original 1962 edition.

This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.

This is a new release of the original 1959 edition.

This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.

What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? In this volume a distinguished American economist presents a new theory of the consumption function, tests it against extensive statistical J material and suggests some of its significant implications.Central to the new theory is its sharp distinction between two concepts of income, measured income, or that which is recorded for a particular period, and permanent income, a longer-period concept in terms of which consumers decide how much to spend and how much to save. Milton Friedman suggests that the total amount spent on consumption is on the average the same fraction of permanent income, regardless of the size of permanent income. The magnitude of the fraction depends on variables such as interest rate, degree of uncertainty relating to occupation, ratio of wealth to income, family size, and so on.The hypothesis is shown to be consistent with budget studies and time series data, and some of its far-reaching implications are explored in the final chapter.

2015 Reprint of 1957Edition. Full Facsimile of the original edition. Not reproduced with Optical Recognition Software. In this book Friedman developed the permanent income hypothesis (PIH). As classical Keynesian consumption theory was unable to explain the constancy of savings rate in the face of rising real incomes in the United States, a number of new theories of consumer behavior emerged. In his book, Friedman posits a theory that encompasses many of the competing hypotheses at the time as special cases and presents statistical evidence in support of his theory."Friedman described Keynes's theory of a declining propensity to consume as 'very imaginative and thoughtful.' But in "A Theory of the Consumption Function" (1957), he demonstrated that while the hypothesis seemed to make psychological sense, it was empirically false. In relating income to propensity to consume, Keynes had erred in not distinguishing between 'transitory' and 'permanent' income. In fact, consumption does not decline as incomes generally rise. Economists across the political spectrum agreed with Friedman's refutation of Keynes...."--James A. Nuechterlein, Commentary

The noted Nobel Prize-winning economist, Milton Friedman, writes here on current issues of prevailing concern to every American citizen and taxpayer -- including inflation, its causes, and how to arrest it: monetary policy and the disappointing performance of the Federal Reserve Board: the recessions that continue to plague us: and the constraints that are placed upon the workings of a free market.In more than 70 short essays, most of them written for his regular column in Newsweek magazine. Professor Friedman displays the powers of analysis and expression that have made him both the most widely respected economist in America today and a trusted advisor to our nation's leaders.These short commentaries address six major themes, from issues of economic and political freedom, to governmental regulation and fiscal policy, to international economics. They reveal the dynamics behind many of our most pressing current problems, as well as Friedman's affirmation of America's most cherished ideals.

Das Sachbuch „Kapitalismus und Freiheit" zählt zu den anerkanntesten wirtschaftspolitischen Werken unserer Zeit. Der amerikanische Wirtschaftswissenschaftler Milton Friedman setzt sich darin mit der Bedeutung von wirtschaftlicher Freiheit für die politische Unabhängigkeit des Menschen in der modernen Gesellschaft auseinander. Die hier vorliegende Auflage enthält neben einem nachträglich verfassten Vorwort von Milton Friedman auch Anmerkungen des bekannten deutschen Ökonomen Horst Siebert.Milton Friedman wurde am 31. Juli 1912 im New Yorker Stadtbezirk Brooklyn geboren. Er studierte Mathematik und Ökonomie an der Rutgers University in New Jersey, sowie an der University of Chicago. Nach seinem Studienabschluss arbeitete Milton Friedman zunächst im öffentlichen Dienst. Im Jahr 1946 erhielt er seine Promotion und übernahm eine Stelle als Dozent an der Universität von Chicago, für die er über 30 Jahre lang tätig war. In dieser Zeit verfasste Milton Friedman wegweisende Theorien und wurde für seine Arbeit im Jahr 1976 mit dem Alfred-Nobel-Gedächtnispreis für Wirtschaftswissenschaften ausgezeichnet.

Frontmatter -- Table of Contents -- Preface -- Preface to Price Theory: A Provisional Text -- 1. Introduction -- 2. Theory of Demand -- 3. The "Welfare" Effects of Taxes -- 4. The Utility Analysis of Uncertainty -- 5. The Relationships Between Supply Curves and Cost Curves -- 6. The Law of Variable Proportions and a Firm's Cost Curves -- 7. Derived Demand -- 8. The Theory of Distribution with Fixed Proportions -- 9. The Theory of Marginal Productivity and the Demand for Factors of Production -- 10. Marginal Productivity Analysis: Some General Issues -- 11. The Supply of Factors of Production -- 12. Wage Determination and Unemployment -- 13. Wages in Different Occupations -- 14. Relation Between the Functional and Personal Distribution of Income -- 15. The Size Distribution of Income -- 16. Profits -- 17. The Theory of Capital and the Rate of Interest -- Appendix A: Reading Assignments -- Appendix B: Problems -- Index

This classic set of essays by Nobel Laureate and leading monetary theorist Milton Friedman presents a coherent view of the role of money, focusing on specific topics related to the empirical analysis of monetary phenomena and policy.

Economics is sometimes divided into two parts: positive economics and normative economics

This classic set of essays by Nobel Laureate and leading monetary theorist Milton Friedman presents a coherent view of the role of money, focusing on specific topics related to the empirical analysis of monetary phenomena and policy

Economics is sometimes divided into two parts: positive economics and normative economics

What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? This book presents a theory of the consumption function, and tests it against extensive statistical material.

At the January 1977 meeting of its monthly Economic Seminar series, the Federal Reserve Bank of San Francisco was honored to present Prof. Franco Modigliani, Immediate Past President of the American Economic Association. In his paper, Prof. Modigliani developed some of the themes which he had first covered last September in his AEA Presidential Address, ¿gThe Monetarist Controversy"YOr, Should We Forsake Stabilization Policies?¿h The Bank was doubly fortunate to obtain, as seminar discussant, Nobel Laureate Milton Friedman, who was serving as Visiting Scholar at this institution during the winter term. This supplement to the Bank¿fs Economic Review contains Prof. Modigliani¿fs lecture, Prof. Friedman¿fs reply, the discussion between the two and a floor discussion"Yplus, as an appendix, Prof. Modigliani¿fs AEA Presidential Address. The seminar was chaired by Dr. Michael W. Keran, Vice President and Director of Research for the Federal Reserve Bank of San Francisco.

Offers a collection of Milton Friedman's best works on freedom. The selection represents only 1% of the 1,500 works by Friedman that Robert Leeson and Charles Palm have put online in a user-friendly format. This book and the larger online collection are sorely needed and deserve to be read by generation after generation.