Theory of the Consumption Function / / Milton Friedman.
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 co...
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| Superior document: | Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Archive 1927-1999 |
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| Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2018] ©1957 |
| Year of Publication: | 2018 |
| Language: | English |
| Online Access: | |
| Physical Description: | 1 online resource |
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Table of Contents:
- Frontmatter
- Preface
- Contents
- List of Tables
- I. Introduction
- II. The Implications of the Pure Theory of Consumer Behavior
- III. The Permanent Income Hypothesis
- IV. Consistency of the Permanent Income Hypothesis with Existing Evidence on the Relation between Consumption and Income : Budget Studies
- V. Consistency of the Permanent Income Hypothesis with Existing Evidence on the Relation between Consumption and Income: Time Series Data
- VI. The Relation Between the Permanent Income and Relative Income Hypotheses
- VII. Evidence from Income Data on the Relative Importance of Permanent and Transitory Components of Income
- VIII. A Miscellany
- IX. Summary and Conclusion
- Index