Chapter 1: Introduction to "A Theory of the Consumption Function" Author(s): Milton Friedman (p. 1-6) Chapter 2: The Implications of the Pure Theory of Consumer Behavior

A distinguished American economist presents here a new theory of the consumption function. Central to the new theory is a sharp distinction between two concepts of income: measured …

In this paper, we analyse anew the relationship between aggregate income and consumption in the United Kingdom. Our analysis entails a close examination of the structure of the data, for …

THE relation between aggregate consumption or aggregate savings and aggregate income, generally termed the consumption function, has occupied a major role in economic thinking …

2018年6月5日 · 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 …

sumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future eco-nomic researchers and policy makers? In this …

There are four key differences between the explicit maximizing models developed in the 1960s and ’70s and Friedman’s model as stated in A Theory of the Consumption Function (and its …

2018年6月5日 · 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 …