A Theory of the Consumption Function, (Paperback)
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A Theory of the Consumption Function, (Paperback)
A distinguished economist presents a new theory of the consumption function, consistently aligned with empirical evidence and vital for future economic research.
A Theory of the Consumption Function, (Paperback)
Articolo #: 87191755

A Theory of the Consumption Function, (Paperback)

Articolo #: 87191755

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Cosa salta all'occhio

Core Economic Insights
Friedman's theory revolutionizes the understanding of consumer behavior, emphasizing the relationship between income and consumption, thus providing unparalleled clarity in economic analysis.
Influential Framework
Establishing the foundations of modern macroeconomics, this work has significantly shaped policies and theories regarding fiscal measures and consumer spending patterns, making it essential for economists and policymakers.
Research Methodology
Utilizing empirical data to support his claims, Friedman effectively demonstrates how consumer expectations influence consumption, offering a robust and scientific approach that enhances its credibility in economic discourse.

Dettagli del prodotto

Shop A Theory of the Consumption Function, (Paperback) online at a best price in Albania. 770759627
  • 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.
Book formatPaperback
Fiction/nonfictionNon-Fiction
GenreLiterature & Fiction
Publication dateMarch, 2022
Pages254
SubgenreGeneral
Series titleNo Series
Edition1
PublisherMust Have Books
Original languagesEnglish
LanguageEnglish
Educational levelCollege
Is collectibleN
Digital reader formatEpub (Yes)
Retail packagingSingle Piece
Assembled product dimensions (l x w x h)6.00 x 0.58 x 9.00 Inches (15.2 x 1.5 x 22.9 cm)
Assembled product weight0.83 lb (380 grams)
Bisac subject headingLiterary Collections

A chi è consigliato?

Suitable For
  • Economics Students

    Ideal for students exploring macroeconomic theories, particularly those focusing on consumption patterns and their implications.

  • Policy Makers

    Useful for policymakers seeking evidence-based insights into consumer behavior for shaping fiscal and monetary policies.

  • Research Economists

    Valuable for economists conducting in-depth research on consumption patterns and their long-term economic impacts.

Not Suitable For
  • Casual Readers

    Not suitable for those looking for light reading; the content is dense and requires economic background knowledge.

DESCRIZIONE DEL PRODOTTO

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Domande e risposte dei clienti

  • Domanda: Who is the author of this book?

    Risposta: The author is the distinguished economist Milton Friedman.
  • Domanda: What is the main focus of the book?

    Risposta: The book focuses on a new theory of the consumption function and its implications for economics.
  • Domanda: What are the dimensions and weight of the paperback?

    Risposta: The paperback measures 9.00h x 6.00w x 0.58d inches and weighs 0.83lbs.

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Vantaggi

  • Insightful economic theories
  • Well-researched and informative
  • Covers historical context
  • Accessible language and examples
  • Influential in economic studies

Contro

  • Some sections may feel dense.

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ALL 2730

Ordina subito e ricevilo entro Mercoledì, Settembre 16

Qtà:

Solo 99 articoli rimasti in magazzino.
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Caratteristiche e benefici

  • Discover a groundbreaking theory of the consumption function by renowned economist Milton Friedman.
  • Explore the sharp distinction between measured income and permanent income.
  • Understand how spending patterns relate to permanent income, irrespective of its size.
  • The theory is rooted in extensive statistical testing and budget studies.
  • Gain insights into the implications of various factors such as interest rates and family size on consumption.
  • Published by Must Have Books, this essential read is a must for economists and policymakers.

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