A Theory of the Consumption Function.

Published by Princeton University Press, Princeton, 1957

  • First Edition
  • Signed
  • Used
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Seller: Raptis Rare Books, Palm Beach, FL, U.S.A.Raptis Rare Books

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Item description from seller

First edition of Friedman's magnum opus. Octavo, original cloth. Fine in a near fine dust jacket with a touch of shelfwear. A superior example. This economist's masterpiece of economic theory "reinterpreted that Keynesian concept of the consumption function by relating it to lifetime instead of current income. For its ingenious manipulation of data and its reconciliation of apparently conflicting evidence, this book must rank as one of the masterpiece of modern econometrics" (Blaug, 63). "Milton Friedman offered conservative answers to the great questions of economics, at the same time challenging economic thought since Keynes. In this book, Friedman disputes Keynes' idea that aggregate spending and income are directly linked (and therefore open to government influence). Rather, he writes, consumer spend independent of government policy, based on their expected long-term, or 'permanent' income. In all his writing, Friedman embraces a laissez-faire approach that celebrates individual freedom. He sees the ideal role for government as 'umpire', not 'parent' (NYPL Books of the Century 144).…

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Bibliographic details

Title
A Theory of the Consumption Function.
Author
Friedman, Milton
Publisher
Princeton University Press, Princeton
Publication year
1957
Signed
Signed by Author(s)
Edition
1st Edition
Seller catalogs
Economics and Finance

Raptis Rare Books

Palm Beach, FL, U.S.A.

5-star seller

AbeBooks seller since September 24, 2003

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Raptis Rare Books is an antiquarian book firm that specializes in fine first editions, signed and inscribed books, and landmark books in all fields. We have distinguished ourselves by having a reputation for handling unique and important books that are in exceptional condition. Our business model is simple: we strive to handle books that are in exceptional condition and to provide exceptional customer service. We specialize in working with private collectors with a specific wish list, helping individuals find the ideal gift for special occasions, and partnering with representatives of institutions. We are here to assist you in your pursuit and to be your guide in bringing the library of your imagination to reality. Please visit our rare book gallery located at 329 Worth Avenue in Palm Beach, Florida, visit our website www.raptisrarebooks.com, call us at 561.508.3479, or email us at mail@raptisrarebooks.com. Free gift wrapping available upon request.…

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Raptis Rare Books

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