Friedman (1968) – his famous Presidential Address to the American Economic Association – contains an elementary error right at the heart of what is usually supposed to be the paper's crucial argument. That is the argument to the effect that during an inflation, changing expectations shift...

There is a widely believed but entirely mythical story to the effect that the discovery of 'the Phillips curve' was, in the 1960s and perhaps later, an inspiration to inflationist policy. The point that this is a myth is argued in Forder, 'Macroeconomics and the Phillips curve myth,' Oxford...

Chapter 1: Introduction -- Part I: Friedman’s life and autobiography -- Chapter 2: Part I Introduction -- Chapter 3: Friedman’s life and autobiography -- Chapter 4: Three controversies -- Chapter 5: Friedman in Britain in the 1970s and 1980s -- Chapter 6: Part I Conclusion -- Part II: Milton...