The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Laughlin, James Laurence (1850–1933)

  • Milton Friedman
Reference work entry


Scholar, teacher, monetary reformer and university administrator, Laughlin was born in Deerfield, Ohio of middle-class parents of modest means. A scholarship plus outside work, largely tutoring, enabled him to attend Harvard. After completing his undergraduate study in history, he did graduate work under Henry Adams, receiving a Ph.D. for a thesis on ‘The Anglo-Saxon Legal Procedure’. His subsequent academic career, however, was entirely in economics.


Cost-push inflation Free silver Laughlin, J. L. Quantity theory of money Veblen, T. 

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  1. Bornemann, A. 1940. J. Laurence Laughlin. Washington, DC: American Council on Public Affairs.Google Scholar
  2. Mitchell, W.C. 1941. J. Laurence Laughlin. Journal of Political Economy 49: 875–881.CrossRefGoogle Scholar
  3. Nef, J.U. 1934. James Laurence Laughlin (1850–1933). Journal of Political Economy 42: 1–5.CrossRefGoogle Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Milton Friedman
    • 1
  1. 1.