A Theory of the Consumption Function

A Theory of the Consumption Function

In this groundbreaking work, a Nobel Prize-winning economist addresses the consumption behavior of individuals and how it can be defined in a way that is supported by empirical evidence and useful for research and planning. Milton Friedman introduced a distinction between "measured income," what an individual earns in a specific period, and "permanent income," a view that takes into account a longer period in an active economic life. He was thus able to suggest… (more)

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Book Details  


Publisher: Dover Publications (October 14, 2020)

Parent ISBN: 9780486841816

Page count: 256 pages

File size: 12 MB

Language: English


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