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A Theory of the Consumption Function

Milton Friedman




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 | #271528 in Books |  2015-04-28 | Original language:English | PDF # 1 |  9.21 x.58 x6.14l,.88 | File type: PDF | 258 pages

||0 of 0 people found the following review helpful.| Five Stars|By david j. blackstone|Nice product.|0 of 0 people found the following review helpful.| Five Stars|By Stevie|if you want to be informed, this is the book to be read about economics.|1 of 2 people found the following review helpful.| One of Milton Friedman's best books|By De-| |"Friedman argued that the best way to make sense of saving and spending was not, as Keynes had done, to resort to loose psychological theorizing, but rather to think of individuals as making rational plans about how to spend their wealth over their lifetimes.

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 compet...

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