1999RePEc: Research Papers in EconomicsRequires access

The legacy of Milton Friedman as teacher

J. Daniel Hammond

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Abstract

Volume 1. Part 1 Students' reflections on their teacher: how was Milton Friedman distinctive as a teacher? Friedman's price theory -economics 300 at the University of Chicago in 1947-1951 observations no a constant teacher by a graduate student emeritus Milton Friedman 1912-. Part 2 The legacy in students' scholarship: growth of monopoly -1899-1939 towards a general theory of price, income and money the relation of consumption to wealth and the wage rate the monetary dynamics of hyperinflation money, prices and wages in the Confederacy, 1861-65 monetary velocity in the United States the forces determining discrimination in the market place effective discrimination price-level and money-denomination movements liquidity and farm investment outlays monetary reforms and monetary equilibrium sources of monetary disturbances in the United States, 1834-1845 economic factors in specie resumption - the United States, 1865-79 the specie circular and the distribution of the surplus the Chilean inflation and the demand for money development of the hypotheses an operational test of the expectations hypothesis. Volume 2. Estimation of demand functions for financial assets conclusions the theory and its implementation entry in commercial banking money and prices in Argentina, 1935-1962 monetary policy and the business cycle in postwar Japan international differences in liquid asset portfolios rational choice and patterns of growth in a monetary economy interest rates and monetary policy English bank deposits before 1844. (Part contents)

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Volume 1. Part 1 Students' reflections on their teacher: how was Milton Friedman distinctive as a teacher? Friedman's price theory -economics 300 at the University of Chicago in 1947-1951 observations no a constant teacher by a graduate student emeritus Milton Friedman 1912-. Part 2 The legacy in students' scholarship: growth of monopoly -1899-1939 towards a general theory of price, income and money the relation of consumption to wealth and the wage rate the monetary dynamics of hyperinflation money, prices and wages in the Confederacy, 1861-65 monetary velocity in the United States the forces determining discrimination in the market place effective discrimination price-level and money-denomination movements liquidity and farm investment outlays monetary reforms and monetary equilibrium sources of monetary disturbances in the United States, 1834-1845 economic factors in specie resumption - the United States, 1865-79 the specie circular and the distribution of the surplus the Chilean inflation and the demand for money development of the hypotheses an operational test of the expectations hypothesis. Volume 2. Estimation of demand functions for financial assets conclusions the theory and its implementation entry in commercial banking money and prices in Argentina, 1935-1962 monetary policy and the business cycle in postwar Japan international differences in liquid asset portfolios rational choice and patterns of growth in a monetary economy interest rates and monetary policy English bank deposits before 1844. (Part contents)

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Volume 1. Part 1 Students' reflections on their teacher: how was Milton Friedman distinctive as a teacher? Friedman's price theory -economics 300 at the University of Chicago in 1947-1951 observations no a constant teacher by a graduate student emeritus Milton Friedman 1912-. Part 2 The legacy in students' scholarship: growth of monopoly -1899-1939 towards a general theory of price, income and money the relation of consumption to wealth and the wage rate the monetary dynamics of hyperinflation money, prices and wages in the Confederacy, 1861-65 monetary velocity in the United States the forces determining discrimination in the market place effective discrimination price-level and money-denomination movements liquidity and farm investment outlays monetary reforms and monetary equilibrium sources of monetary disturbances in the United States, 1834-1845 economic factors in specie resumption - the United States, 1865-79 the specie circular and the distribution of the surplus the Chilean inflation and the demand for money development of the hypotheses an operational test of the expectations hypothesis. Volume 2. Estimation of demand functions for financial assets conclusions the theory and its implementation entry in commercial banking money and prices in Argentina, 1935-1962 monetary policy and the business cycle in postwar Japan international differences in liquid asset portfolios rational choice and patterns of growth in a monetary economy interest rates and monetary policy English bank deposits before 1844. (Part contents)

Key concepts: Economics, Monetarism, Monetary policy, Quantity theory of money, Monetary economics, Inflation (cosmology), Money supply, Rational expectations

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