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Theory of the Consumption Function

ΣΥΓΓΡΑΦΕΑΣ
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13,80 €
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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.
Reprint of the Princeton University Press, Princeton, New Jersey, 1957 edition.

Συγγραφέας: Friedman Milton
Εκδότης: DOVER
Σελίδες: 256
ISBN: 9780486841816
Εξώφυλλο: Μαλακό Εξώφυλλο
Αριθμός Έκδοσης: 1
Έτος έκδοσης: 2020
Milton Friedman (1912–2006) was the Paul Snowden Russell Distinguished Service Professor Emeritus in Economics at the University of Chicago. He received the 1976 Nobel Prize in Economics and is best known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. He was a principal founder of what has come to be known as the Chicago School of Economics and was one of the world’s leading proponents of the importance of the free market. 
 
Friedman authored many books during his lifetime including the seminal work Capitalism and Freedom, which was published by Chicago in 1962. He and his wife Rose Friedman co-authored the memoir Two Lucky People, also published by Chicago.

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