Free To Choose: a personal Statement

Year 1977 ( Washington, D.C., January 1978), p. 4.
14. Wallace and Penoyer, "Directory of Federal Regulatory Agencies,"
p. 14.
15. Murray L. Weidenbaum, The Costs of Government Regulation,
Pub-
lication No. 12 (St. Louis: Center for the Study of American Business,
Washington University, February 1977), p. 9.
16. Ibid.
17. Wallace and Penoyer, "Directory of Federal Regulatory Agencies,"
p. 19.

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324
FREE TO CHOOSE: A Personal Statement
18. A. Myrick Freeman III and Ralph H. Haveman, "Clean Rhetoric and
Dirty Water," The Public Interest, No. 28 (Summer 1972), p. 65.
19. Herbert Asbury, The Great Illusion, An Informal History of Prohibi-
tion ( Garden City, N.Y.: Doubleday, 1950), pp. 144-45.
CHAPTER 8
1. There are many alternative translations of the oath. The quotations in
the text are from the version in John Chadwick and W. N. Mann, The
Medical Works of Hippocrates ( Oxford: Blackwell, 1950), p. 9.
2. George E. Hopkins, The Airline Pilots: A Study in Elite Unionization
( Cambridge: Harvard University Press, 1971), p. 1.
3. Milton Friedman, "Some Comments on the Significance of Labor
Unions for Economic Policy," in David McCord Wright, ed., The Im-
pact of the Union ( New York: Harcourt Brace, 1951), pp. 204-34.
A similar estimate was reached more than a decade later on the basis
of a far more detailed and extensive study by H. G. Lewis, Unionism
and Relative Wages in the United States ( Chicago: University of Chi-
cago Press, 1963), p. 5.
4. Hopkins, The Airline Pilots, p.
2.
5. John P. Gould, Davis-Bacon Act, Special Analysis No. 15 (Washing-
ton, D.C.: American Enterprise Institute, November 1971), p. 10.
6. Ibid., pp. 1, 5.
7. See Yale Brozen and Milton Friedman, The Minimum Wage Rate
( Washington, D.C.: The Free Society Association, April 1966); Finis
Welch, Minimum Wages: Issues and Evidence
( Washington, D.C.:
American Enterprise Institute, 1978) ; and Economic Report of the
President, January 1979, p. 218.
8. See Milton Friedman and Simon Kuznets, Income from Independent
Professional Practice (New York: National Bureau of Economic Re-
search, 1945), pp. 8-21.
9. Michael Pertschuk, "Needs and Incomes," Regulation, March/April
1979.
10. William Taylor, Executive Vice-President of the Valley Camp Coal
Company, as quoted in Melvyn Dubofsky and Warren Van Tine, John
L. Lewis: A Biography ( New York: Quadrangle/New York Times
Book Co., 1977), p. 377.
11. Karen Elliott House, "Balky Bureaus: Civil Service Rule Book May
Bury Carter
'
s Bid to Achieve Efficiency,
"
Wall
Street Journal,
Septem-
ber 26, 1977, p. 1, col. 1.

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Notes
325
CHAPTER 9
1. John Stuart Mill, Principles of Political Economy, vol. II, p. 9 (Book
III, chap. VII).
2. Andrew White, Money and Banking (Boston: Ginn & Co., 1896),
pp. 4 and 6.
3. Robert Chalmers, A History of Currency in the British Colonies (Lon-
don: Printed for H. M. Stationery Office by Eyre & Spottiswoode,
1893), p. 6 In., quoting from a still earlier publication.
4. A. Hinston Quiggin, A Survey of Primitive Money (London: Methuen,
1949), p. 316.
5. White, Money and Banking, pp. 9-10.
6. C. P. Nettels, The Money Supply of the American Colonies before
1720
( Madison: University of Wisconsin, 1934), p. 213.
7. White, Money and Banking, p. 10.
8. Paul Einzig, Primitive Money, 2d ed., rev. and enl. (Oxford and New
York: Pergamon Press, 1966), p. 281.
9. See Chapter 2.
10. See Phillip Cagan, "The Monetary Dynamics of Hyperinflation," in
Milton Friedman, ed., Studies in the Quantity Theory of Money (Chi-
cago: University of Chicago Press, 1956), p. 26.
11. Eugene M. Lerner, "Inflation in the Confederacy, 1861-65,
"
in M.
Friedman, Studies in the Quantity Theory of Money, p. 172.
12. Elgin Groseclose, Money and Man ( New York: Frederick Ungar Pub-
lishing Co., 1961), p. 38.
13. John Maynard Keynes, The Economic Consequences of the Peace
( New York: Harcourt, Brace & Howe, 1920), p. 236.
14. Robert L. Schuettinger and Eamon F. Butler, Forty Centuries of Wage