"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output": First Edition Milton Friedmans Nobel Lecture; Inscribed by Milton Friedman
Stockholm, Sweden: Nobel Foundation, 1977.
First edition of Friedman’s Nobel Lecture. Octavo, original wrappers. Inscribed by the author, “For Dr. H.W. Schmidt, with my best wishes Milton Friedman Jan 20, 1978.” In fine condition. Housed in a custom half morocco clamshell box. Scarce, especially signed.
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