Theory of the Consumption Function 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024


Theory of the Consumption Function

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Milton Friedman 作者
Princeton University Press
譯者
2008-8-17 出版日期
296 頁數
USD 35.00 價格
Paperback
叢書系列
9780691138862 圖書編碼

Theory of the Consumption Function 在線電子書 圖書標籤: 經濟學  價格函數  價格理論  friedman  PriceTheory  經濟學諾奬作品  消費價格  價格理論應用   


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Theory of the Consumption Function 在線電子書 epub 下載 mobi 下載 pdf 下載 txt 下載 2024

Theory of the Consumption Function 在線電子書 epub 下載 pdf 下載 mobi 下載 txt 下載 2024

Theory of the Consumption Function 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024



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Theory of the Consumption Function 在線電子書 著者簡介


Theory of the Consumption Function 在線電子書 著者簡介


Theory of the Consumption Function 在線電子書 pdf 下載 txt下載 epub 下載 mobi 在線電子書下載

Theory of the Consumption Function 在線電子書 圖書描述

Friedman argued that the best way to make sense of saving and spending was not, as Keynes had done, to resort to loose psychological theorizing, but rather to think of individuals as making rational plans about how to spend their wealth over their lifetimes. This wasn't necessarily an anti-Keynesian idea--in fact, the great Keynesian economist Franco Modi-gliani simultaneously and independently made a similar case, with even more care in thinking about rational behavior, in work with Albert Ando. But it did mark a return to classical ways of thinking--and it worked. The details are a bit technical, but Friedman's 'permanent income hypothesis' and the Ando-Modigliani 'life cycle model' resolved several apparent paradoxes about the relationship between income and spending, and remain the foundations of how economists think about spending and saving to this day. -- Paul Krugman New York Times 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

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