Theory Consumption Function by Friedman Milton (86 results)

Paperback or Softback. Condition: New. A Theory of the Consumption Function. Book.

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Paperback. Condition: Very Good. No Jacket. Former library book; May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less.

Paperback. Condition: New.

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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

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Paperback or Softback. Condition: New. A Theory of the Consumption Function. Book.

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

Condition: As New. Unread book in perfect condition.

Paperback. Condition: New.

Hardcover. Condition: Good. No Jacket. 260 page hardcover with figure and table illustration. 1971 6th printing of the 1957 original. A Study by the National Bureau of Economic Research, New York. Blue cloth exterior with title on spine in gold. The first 25 pages have ink underlining, the remaining text is unmarked. Summary and Conclusion section, and Index at rear.…

Paperback. Condition: new. Paperback. In this groundbreaking work, a Nobel Prize-winning economist addresses the consumption behavior of individuals and how it can be defined in a way that is supported by empirical evidence and useful for research and planning. Milton Friedman introduced a distinction between "measured income," what an individual earns in a specific period, and "permanent income," a view that takes into account a longer period in an active economic life. He was thus able to suggest that consumption tends to be, on average, the same fraction of permanent income regardless of the income's extent and that the magnitude of the fraction depends on many variables, including interest rates and family size. Dr. Friedman was among the most prominent American economists of the twentieth century, a powerful advocate of free market capitalism, and one of the founders of the well-known Chicago School of Economics. The concepts he introduced in this thought-provoking book achieved broad acceptance, stimulating further study and developing far-reaching effects on economic theory. AUTHOR: Milton Friedman (19122006) was one of the most prominent American economists of the 20th century, a powerful advocate of free market capitalism, and one of the founders of the well-known Chicago School of Economics. He received his PhD from Columbia University in 1946 and taught at the University of Chicago for 30 years. After retiring from Chicago he was a Senior Research Fellow at Stanford University's Hoover Institution. His other books include Capitalism and Freedom and A Monetary History of the United States, 18671960. In 1976, Friedman was awarded the Nobel Prize in Economics for "his achievements in the field of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilisation policy." This thought-provoking and influential book by a distinguished economist examines whether consumption behavior can be defined in a way that's supported by empirical evidence and useful for research and planning. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…

Condition: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,500grams, ISBN:9780691138862.

Condition: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,500grams, ISBN:9780691138862.

Condition: New.

Condition: Very Good. Pages intact with possible writing/highlighting. Binding strong with minor wear. Dust jackets/supplements may not be included. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good.

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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

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Paperback. Condition: Brand New. 243 pages. 9.25x6.25x0.50 inches. In Stock.

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Hardback or Cased Book. Condition: New. A Theory Of The Consumption Function. Book.

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Condition: New.

Condition: As New. Unread book in perfect condition.

Paperback. Condition: New. 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 decide how much to spend and how much to save. Milton Friedman suggests that the total amount spent on consumption is on the average the same fraction of permanent income, regardless of the size of permanent income. The magnitude of the fraction depends on variables such as interest rate, degree of uncertainty relating to occupation, ratio of wealth to income, family size, and so on. The hypothesis is shown to be consistent with budget studies and time series data, and some of its far-reaching implications are explored in the final chapter.…

Paperback or Softback. Condition: New. Theory of the Consumption Function. Book.