Thursday, February 11, 2016

The Impact of Milton Friedman

Not so impressive, when measured by book sales..

WSJ reports:
In 1963, Princeton University Press published Mr. Friedman’s and Anna Schwartz’s “A Monetary History of the United States.” It became one of the most influential works in economics, yet in half a century has sold just 50,000 copies. By contrast, Carmen Reinhart’s and Kenneth Rogoff’s “This Time Is Different,” an 800-year analysis of financial crises published in 2009 by the same imprint, has sold roughly five times as many copies.

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