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Item #:
87191755
A Theory of the Consumption Function, Paperback
Item #:
87191755
GBP 22
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A distinguished economist presents a new theory of the consumption function, consistently aligned with empirical evidence and vital for future economic research.
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What Stands Out
Core Economic Insights
Friedman's theory revolutionizes the understanding of consumer behavior, emphasizing the relationship between income and consumption, thus providing unparalleled clarity in economic analysis.
Influential Framework
Establishing the foundations of modern macroeconomics, this work has significantly shaped policies and theories regarding fiscal measures and consumer spending patterns, making it essential for economists and policymakers.
Research Methodology
Utilizing empirical data to support his claims, Friedman effectively demonstrates how consumer expectations influence consumption, offering a robust and scientific approach that enhances its credibility in economic discourse.
Product Details
| Book format | Paperback |
| Fiction/nonfiction | Non-Fiction |
| Genre | Literature & Fiction |
| Publication date | March, 2022 |
| Pages | 254 |
| Subgenre | General |
| Series title | No Series |
| Edition | 1 |
| Publisher | Must Have Books |
| Original languages | English |
| Language | English |
| Educational level | College |
| Is collectible | N |
| Retail packaging | Single Piece |
| Assembled product dimensions (l x w x h) | 6.00 x 0.58 x 9.00 Inches (15.2 x 1.5 x 22.9 cm) |
| Assembled product weight | 0.83 lb (380 grams) |
| Bisac subject heading | Literary Collections |
Who Should Buy?
-
Economics Students
Ideal for students exploring macroeconomic theories, particularly those focusing on consumption patterns and their implications.
-
Policy Makers
Useful for policymakers seeking evidence-based insights into consumer behavior for shaping fiscal and monetary policies.
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Research Economists
Valuable for economists conducting in-depth research on consumption patterns and their long-term economic impacts.
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Casual Readers
Not suitable for those looking for light reading; the content is dense and requires economic background knowledge.
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Undergraduate Non-Majors
Individuals not specializing in economics may struggle with complex concepts and technical language found in the book.
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Practitioners of Other Fields
Professionals outside of economics, finance, or related disciplines may not find the material applicable to their work.
Product Description
A Theory of the Consumption Function, Paperback
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Customer Questions & Answers
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Question:
Who is the author of this book?
Answer: The author is the distinguished economist Milton Friedman. -
Question:
What is the main focus of the book?
Answer: The book focuses on a new theory of the consumption function and its implications for economics. -
Question:
What are the dimensions and weight of the paperback?
Answer: The paperback measures 9.00h x 6.00w x 0.58d inches and weighs 0.83lbs.
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Pros
- Insightful economic theories
- Well-researched and informative
- Covers historical context
- Accessible language and examples
- Influential in economic studies
Cons
- Some sections may feel dense.
Product Price History
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GBP 22
Excluding VAT : VAT will be calculated on the checkout page
Order now and get it around Wednesday, July 08
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Features & Benefits
- Discover a groundbreaking theory of the consumption function by renowned economist Milton Friedman.
- Explore the sharp distinction between measured income and permanent income.
- Understand how spending patterns relate to permanent income, irrespective of its size.
- The theory is rooted in extensive statistical testing and budget studies.
- Gain insights into the implications of various factors such as interest rates and family size on consumption.
- Published by Must Have Books, this essential read is a must for economists and policymakers.