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Milton Friedman

Theory of the Consumption Function

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What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? In this volume a distinguished American economist presents a new theory of the consumption function, tests it against extensive statistical J material and suggests some of its significant implications. Central to the new theory is its sharp distinction between two concepts of income, measured income, or that which is recorded for a particular period, and permanent income, a longer-period concept in terms of which consumers deci… Mehr

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Produktdetails


  • ISBN: 978-0-691-13886-2
  • EAN: 9780691138862
  • Produktnummer: 3829648
  • Verlag: Princeton University Press
  • Sprache: Englisch
  • Erscheinungsjahr: 2008
  • Seitenangabe: 260 S.
  • Masse: H23.4 cm x B15.6 cm x D1.4 cm 401 g
  • Abbildungen: Paperback
  • Gewicht: 401

Über den Autor


Milton Friedman (1912-2006) was awarded the Nobel Prize in Economics in 1976. He was a Senior Research Fellow at the Hoover Institution and had previously taught at the University of Chicago from 1946 to 1976. He was also a member of the research staff of the National Bureau of Economic Research from 1937 to 1981.

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