A Theory of the Consumption Function. A Study by the National Bureau of Economic Research, New York.
FRIEDMAN, Milton.
Published by Princeton: Princeton University Press, 1957
Used
From
Peter Harrington. ABA/ ILAB., London, United Kingdom
Seller rating 5 out of 5 stars
AbeBooks Seller since 26 July 1999
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About this Item
Description:
First edition, first printing, of a foundational work in economics, "what most academic economists would regard as Friedman's greatest work" (New Palgrave II), in which he rejects Keynesian interventionism and resolves several paradoxes regarding the relationship between the wealth and the spending habits of consumers. Although Friedman's essential concept - that individuals adjust their consumption in response to variations in their long-term, expected income - has a long history (appearing in the 18th-century writings of Bernoulli), the Theory stands out for Friedman's "genius for simplicity and for the insights of thinking concretely" (ibid). In the analysis of Hugh Rockoff, "Friedman's study of consumption, while it had many critics, made a deep impression on the economics profession and continued to be a staple of policy discussions in the decades that followed" (ANB). Octavo. Tables and graphs in the text. Original blue cloth, spine lettered and decorated in gilt. With dust jacket. Infrequent pencil annotations and underlinings to contents. Light rubbing, slight spotting to pp. 7-8 and browning to pp. 62-63, otherwise fresh; light toning and nicking to jacket extremities, short closed tear to head of rear cover, unclipped: a very good copy in like jacket. Seller Inventory # 168182
Bibliographic Details
Title: A Theory of the Consumption Function. A ...
Publisher: Princeton: Princeton University Press, 1957
Edition: 1st Edition
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A Theory of the Consumption Function / A Study by the National Bureau of Economic Research, New York (FIRST PRINTING IN JACKET, THE COPY OF ECONOMIST WAYNE EUGENE RUHTER)
Published by
Princeton University Press, Princeton, 1957
Used
Hardcover
First Edition
Seller: Cat's Curiosities, Pahrump, NV, U.S.A.
Seller rating 5 out of 5 stars
Hardcover. Condition: Very Good. Dust Jacket Condition: Good. 1st Edition. "Published 1957 by Princeton University Press" with no additional printings mentioned; the first printing. Not price clipped; original $4.75 price showing. This was the copy of Wayne E. Ruhter (1947-2023), a frequent expert witness in civil litigation, who taught economics at the University of Texas in Dallas -- his seal blind-stamped to bottom of the half title-page. The blank Free front Endpaper has been removed; otherwise the book is very good; the complete jacket is good-plus with a sun-darkened spine. Titles listed to rear flap and to rear panel pre-date this 1957 publication. 243 pp. including Index. Reduced from $1,400. Seller Inventory # 011936
Quantity: 1 available
A Theory of the Consumption Function. A Study by the National Bureau of Economic Research, New York.
Published by
Princeton: Princeton University Press, 1957, 1957
Used
First Edition
Seller: Peter Harrington. ABA/ ILAB., London, United Kingdom
Seller rating 5 out of 5 stars
First edition, first printing, of a foundational work in economics, "what most academic economists would regard as Friedman's greatest work" (New Palgrave), in which he rejects Keynesian interventionism and resolves several paradoxes regarding the relationship between the wealth and the spending habits of consumers. "Friedman's study of consumption, while it had many critics, made a deep impression on the economics profession and continued to be a staple of policy discussions in the decades that followed" (ANB). Though unmarked as such, the book comes from the library of Friedman's colleague, the economist Roman L. Weil (1940-2023). Weil was professor of accounting at the University of Chicago Booth School of Business from 1965 until 2008, working alongside Friedman, who dominated the Chicago economics department in his tenure as professor from 1946 to 1977. Weil coauthored several textbooks, including the highly regarded Accounting: The Language of Business (1974), as well as over 100 journal articles and notes. He developed the widely used Fisher-Weil measure of bond duration. Octavo. Original blue cloth, spine lettered and decorated in gilt. With dust jacket. Ownership stamp to top edge, and signature dated 23 June 1962 to front free endpaper, of John Clair Thompson (1933-2016, Management Professor at the University of Connecticut 1967-96). Aside from these ownership marks, a fine copy in fine jacket. Seller Inventory # 178421
Quantity: 1 available