A Theory of the Consumption Function by Milton Friedman

A Theory of the Consumption Function

National Bureau of Economic Research. General Series #63

Milton Friedman

258 pages • first pub 1957 (view editions)

nonfiction economics politics challenging informative reflective medium-paced
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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 e...

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