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Milton Friedman and U.K. economic policy: 1938-1979


  • Edward Nelson


Milton Friedman's publications and commentaries became the subject of enormous publicity and scrutiny in the United Kingdom. This paper analyzes the interaction of Milton Friedman and U.K. economic policy from 1938 to 1979. The period under study is separated into four subperiods: 1938-46, 1946-59, 1959-70, and 1970-79. For each of these subperiods, the author considers Friedman's observations on, and role in, key developments in U.K. monetary policy and in general U.K. economic policy.

Suggested Citation

  • Edward Nelson, 2009. "Milton Friedman and U.K. economic policy: 1938-1979," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 465-506.
  • Handle: RePEc:fip:fedlrv:y:2009:i:sep:p:465-506:n:v.91no.5,pt.2

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    Cited by:

    1. Nelson, Edward, 2013. "Friedman's monetary economics in practice," Journal of International Money and Finance, Elsevier, vol. 38(C), pages 59-83.
    2. Daniel Schiffman, 2014. "Richard Kahn and Israeli Economic Policy, 1957 and 1962," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2014(1), pages 31-73.


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