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A Theory of the Consumption Function

Paperback • 2015 • English

A Theory of the Consumption Function

By Milton Friedman

0 Ratings • 0.0 of 5

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About the book

2015 Reprint of 1957Edition. Full Facsimile of the original edition. Not reproduced with Optical Recognition Software. In this book Friedman developed the permanent income hypothesis (PIH). As classical Keynesian consumption theory was unable to explain the constancy of savings rate in the face of rising real incomes in the United States, a number of new theories of consumer behavior emerged. In his book, Friedman posits a theory that encompasses many of the competing hypotheses at the time as s...Show more

Book details

ISBN

9781614278122

Publisher

Martino Fine Books

Published year

2015

Language

English

Original title

A Theory of the Consumption Function

Format

Paperback

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