A Theory of the Consumption Function

by Milton Friedman

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 0486841812
• ISBN13: 9780486841816
• Release Date: March 2020
• Publisher: Dover Publications
• Length: 256 Pages
• Weight: 0.92 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"