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Milton Friedman

Essays in Positive Economics

334 pages,     © 1953

Paper $27.50

ISBN: 9780226264035   Published August 1966

Part I. Introduction
The Methodology of Positive Economics
Part II. Price Theory
The Marshallian Demand Curve
The "Welfare" Effects of an Income Tax and an Excise Tax
Part III. Monetary Theory and Policy
The Effects of a Full-Employment Policy on Economic Stability: A Formal Analysis
A Monetary and Fiscal Framework for Economic Stability
The Case for Flexible Exchange Rates
Commodity-Reserve Currency
Discussion of the Inflationary Gap
Comments on Monetary Policy
Part IV. Comments on Method
Lange on Price Flexibility and Employment: A Methodological Criticism
Lerner on the Economic of Control
Index
Subjects



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