Milton Friedman, Robert E. Lucas, Jr. and Edmund S. Phelps

Edited by Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School, Liverpool John Moores University, UK and Chris Mulhearn, formerly Reader in Economics, Liverpool Business School, Liverpool John Moores University, UK

‘What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the “contributing” Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.’

• Contents:AcknowledgementsGeneral IntroductionPART IMILTON FRIEDMANIntroduction to Part IHoward R. Vane and Chris Mulhearn1. Milton Friedman (1953a), ‘The Methodology of Positive Economics’2. Milton Friedman (1953b), ‘The Case for Flexible Exchange Rates’3. Milton Friedman (1956), ‘The Quantity Theory of Money – A Restatement’4. Milton Friedman and Anna J. Schwartz (1963), ‘Money and Business Cycles’5. Milton Friedman (1968), ‘The Role of Monetary Policy’6. Milton Friedman (1977), ‘Nobel Lecture: Inflation and Unemployment’PART IIROBERT E. LUCAS Jr.Introduction to Part IIHoward R. Vane and Chris Mulhearn7. Robert E. Lucas, Jr. (1972), ‘Expectations and the Neutrality of Money’8. Robert E. Lucas, Jr. (1973), ‘Some International Evidence on Output-Inflation Tradeoffs’9. Robert E. Lucas, Jr. (1975), ‘An Equilibrium Model of the Business Cycle’10. Robert E. Lucas, Jr. (1976), ‘Econometric Policy Evaluation: A Critique’11. Robert E. Lucas, Jr. (1978), ‘Asset Prices in an Exchange Economy’12. Robert E. Lucas, Jr. (1988), ‘On the Mechanics of Economic Development’PART IIIEDMUND S. PHELPS Introduction to Part IIIHoward R. Vane and Chris Mulhearn13. Edmund S. Phelps (1961), ‘The Golden Rule of Accumulation: A Fable for Growthmen’14. Edmund S. Phelps (1966), ‘Models of Technical Progress and the Golden Rule of Research’15. Edmund S. Phelps (1967), ‘Phillips Curves, Expectations of Inflation and Optimal Unemployment Over Time’16. Edmund S. Phelps (1968), ‘Money-Wage Dynamics and Labor-Market Equilibrium’17. E.S. Phelps and R.A. Pollak (1968), ‘On Second-Best National Saving and Game-Equilibrium Growth’18. Edmund S. Phelps and John B. Taylor (1977), ‘Stabilizing Powers of Monetary Policy under Rational Expectations’Name Index