Milton Friedman

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. He was a leading proponent of monetarism and is widely regarded as one of the most influential economists of the 20th century.

Books

Ranked Books All Books

This list of books are ONLY the books that have been ranked on the lists that are aggregated on this site. This is not a comprehensive list of all books by this author.

  1. 1. Capitalism and Freedom

    A Leading Economist's View of the Proper Role of Competitive Capitalism
    Cover of 'Capitalism and Freedom' by Milton Friedman

    This book explores the role of competitive capitalism - the organization of the bulk of economic activity through private enterprise operating in a free market - as both a device for achieving economic freedom and a necessary condition for political freedom. The author further examines how freedom could be preserved in a society where the roles and importance of government are ever expanding, and presents his view on topics such as monetary policy, fiscal policy, education, discrimination, and the alleviation of poverty.

    The 1170th Greatest Book of All Time
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  2. 2. A Theory Of The Consumption Function

    A Study in the Field of Economics
    Cover of 'A Theory Of The Consumption Function' by Milton Friedman

    This book presents a groundbreaking study of the consumption patterns of individuals and households. The author challenges the traditional Keynesian consumption function which posits that individuals and households adjust their consumption spending in response to changes in income. Instead, the author proposes the "Permanent Income Hypothesis," asserting that consumers' spending habits are determined not by current income but by their longer-term income expectations. This influential theory has had a significant impact on economic policy and remains a cornerstone of macroeconomic theory.

    The 4580th Greatest Book of All Time
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  3. 3. Free to Choose

    A Personal Statement
    Cover of 'Free to Choose' by Milton Friedman, Rose Friedman

    This book is an influential work promoting the principles of economic and political freedom. The authors argue that individual freedom is directly linked to economic freedom, and they advocate for less government intervention in the economy. They explore topics like inflation, education, and consumer protection, and propose free-market solutions. The authors also provide historical examples to support their arguments and warn against the dangers of socialism and excessive government control.

    The 6517th Greatest Book of All Time
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