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A Theory of the Consumption Function. - Hardcover

Friedman, Milton

 
9780691041827: A Theory of the Consumption Function.

Inhaltsangabe

Advances a permanent-income hypothesis concerning consumption expenditure and income, proceeding from the pure theory of consumer behavior, incorporating the wealth-income effect, and explaining the validity of the relative-income hypothesis under special conditions

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Über die Autorin bzw. den Autor

Milton Friedman (1912-2006) was awarded the Nobel Prize in Economics in 1976. He was a Senior Research Fellow at the Hoover Institution and had previously taught at the University of Chicago from 1946 to 1976. He was also a member of the research staff of the National Bureau of Economic Research from 1937 to 1981.

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