Income From Independent Professional Practice.

FRIEDMAN, Milton & Simon Kuznets.

$8,800.00

Item Number: 4225

New York: National Bureau of Economic Research, 1945.

First edition of Milton Friedman’s first book, co-authored with fellow Nobel Prize-winning economist, Simon Kuznets. Octavo, original blue cloth, gilt titles to the spine. Signed by Milton Friedman on the title page. In near fine condition. Income From Independent Professional Practice served as his Ph.D. thesis at Columbia. Housed in a custom half morocco clamshell box. Rare, especially signed.

Milton Friedman established himself in 1945 with Income from Independent Professional Practice, co-authored with Simon Kuznets. In it he argued that state licensing procedures limited entry into the medical profession, thereby allowing doctors to charge higher fees than they would be able to do if competition were more open.