Milton Friedman

Prize Lecture

Lecture to the memory of Alfred Nobel, December 13, 1976

Inflation and Unemployment

Read the Lecture
Pdf 637 kB

Copyright © The Nobel Foundation 1976

From Nobel Lectures, Economics 1969-1980, Editor Assar Lindbeck, World Scientific Publishing Co., Singapore, 1992

To cite this section
MLA style: Milton Friedman – Prize Lecture. NobelPrize.org. Nobel Prize Outreach 2025. Sun. 7 Dec 2025. <https://www.nobelprize.org/prizes/economic-sciences/1976/friedman/lecture/>

Go to the top of the page

Follow Nobel Week live

Watch the 2025 Nobel Prize lectures, Nobel Week Dialogue, the prize award ceremonies in Oslo and Stockholm and Nobel Peace Prize Forum here at nobelprize.org.

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.