Book · 2018 · Business & Economics
Theory of the Consumption Function
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There's another um book that's less wellknown except among economists the theory of the consumption function and this book came out of fredman's Engagement with women researchers.
The best things said about it
This is a basic idea that what i'm drawing on is a very old idea and it's actually written in it's an it's an important component of milton friedman's old book on the consumption function which sounds like light years away from the current discussion.
Why people recommend it
Theory of the Consumption Function by Milton Friedman is a classic economics text that presents a revolutionary framework for understanding how individuals make spending and saving decisions over time. On EconTalk, Jennifer Burns discussed the book, noting that while it is relatively less well-known outside of academic circles, it emerged directly from Friedman's early engagement with women researchers. James Heckman also brought up the work on EconTalk, citing it as the foundational source for an old methodology regarding sorting and neighborhood aggregations that remains relevant to modern economic discussions. Both economists emphasized that despite its age, the book contains essential components that continue to inform contemporary research on inequality, consumer behavior, and economic mobility. The discussions underscored Friedman's rigorous analytical approach and demonstrated how historical economic texts still provide vital methodological stepping stones for addressing complex modern socioeconomic questions and understanding long-term consumer trends across diverse populations.
Every mention
James Heckman this is a basic idea that what i'm drawing on is a very old idea and it's actually written in it's an it's… 1
“this is a basic idea that what i'm drawing on is a very old idea and it's actually written in it's an it's an important component of milton friedman's old book on the consumption function which sounds like light years away from the current discussion”
Jennifer Burns there's another um book that's less wellknown except among economists the theory of the consumption functio… 1
“there's another um book that's less wellknown except among economists the theory of the consumption function and this book came out of fredman's Engagement with women researchers”
