The Consumption Function Revisited
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The Consumption Function Revisited
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Author : Kari Takala
language : en
Publisher:
Release Date : 1995
The Consumption Function Revisited written by Kari Takala and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
Tiivistelmä.
Expectations In The Consumption Function
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Author : Yongsan Li
language : en
Publisher:
Release Date : 1971
Expectations In The Consumption Function written by Yongsan Li and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Consumption (Economics) categories.
Consumer Economics After Keynes
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Author : George Hadjimatheou
language : en
Publisher:
Release Date : 1987
Consumer Economics After Keynes written by George Hadjimatheou and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Business & Economics categories.
Theory Of The Consumption Function
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Author : Milton Friedman
language : en
Publisher: Princeton University Press
Release Date : 2018-06-05
Theory Of The Consumption Function written by Milton Friedman and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-05 with Business & Economics categories.
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.
A Theory Of The Consumption Function
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Author : Milton Friedman
language : en
Publisher:
Release Date : 2015-04-28
A Theory Of The Consumption Function written by Milton Friedman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-28 with Business & Economics categories.
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 competing hypotheses at the time as special cases and presents statistical evidence in support of his theory. "Friedman described Keynes's theory of a declining propensity to consume as 'very imaginative and thoughtful.' But in "A Theory of the Consumption Function" (1957), he demonstrated that while the hypothesis seemed to make psychological sense, it was empirically false. In relating income to propensity to consume, Keynes had erred in not distinguishing between 'transitory' and 'permanent' income. In fact, consumption does not decline as incomes generally rise. Economists across the political spectrum agreed with Friedman's refutation of Keynes...."--James A. Nuechterlein, Commentary
A Theory Of The Consumption Function
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Author : Milton Friedman
language : en
Publisher:
Release Date : 1957
A Theory Of The Consumption Function written by Milton Friedman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1957 with Consumption (Economics) categories.
A Theory Of The Consumption Function
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Author :
language : en
Publisher:
Release Date : 1957
A Theory Of The Consumption Function written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1957 with categories.
The Consumption Function And The Distribution Of Income
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Author : Mahmood Namvar Haghighi Shirazy
language : en
Publisher:
Release Date : 1995
The Consumption Function And The Distribution Of Income written by Mahmood Namvar Haghighi Shirazy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Consumption (Economics) categories.
Economics And Consumer Behavior
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Author : Angus Deaton
language : en
Publisher: Cambridge University Press
Release Date : 1980-05-30
Economics And Consumer Behavior written by Angus Deaton and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980-05-30 with Business & Economics categories.
For advanced courses in economic analysis, this book presents the economic theory of consumer behavior, focusing on the applications of the theory to welfare economies and econometric analysis.
The Economics Of Saving
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Author : James H. Gapinski
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-09
The Economics Of Saving written by James H. Gapinski and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-09 with Business & Economics categories.
This book began when a letter reached my desk in November 1989. Written by Warren Samuels, professor of economics at Michigan State University and editor for Kluwer Academic Publishers, the letter reviewed the philosophy behind Kluwer's series on recent economic thought and accordingly expressed interest in the controversies that surround con temporary topics in the discipline. It graciously went on to invite me to organize, consonant with that philosophy, a volume of chapters on saving. Soon thereafter I learned that the chapters were to be original compositions. I also learned that I would have substantial flexibility in structuring the volume and in recruiting contributors, who logically would be authorities in the field. Succinctly, Samuels was inviting me to work with leading scholars in exploring the current controversies in saving, one of my favorite subjects. That invitation was simply too tempting to refuse. Preparation of the book's outline went smoothly. It was obvious that the statistics of saving should be covered along with the theories of saving. It was equally obvious that special issues must be addressed: Ricardian Equivalence, supply-side doctrine, and economic development among others. These themes should be handled so as to bring out the ideological tensions in the profession, and that criterion helped to shape the list of potential contributors. That is, both sides of a conflict should be represented, and both should be given the same treatment.