Theory and Measurement

Name: Theory and Measurement
Brand: Cambridge University Press
SKU: 9780521022644
Price: 276.86 RON
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Causality Issues in Milton Friedman's Monetary Economics

Autor: J. Daniel Hammond

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Editura: Cambridge University Press

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Focusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, from 1948 to 1991,...

Informații despre carte

Autor

J. Daniel Hammond

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2005

Pagini

252

EAN

9780521022644

ISBN

0521022649

Enbook ID

02018317

Editura

Cambridge University Press

Greutate

381

Dimensiuni

154 x 229 x 16

Descriere completă

Focusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, from 1948 to 1991, this 1996 work examines the history of debates between Friedman and his critics over money's causal role in business cycles. Professor Hammond shows that critics' reactions were grounded in two distinctive features of Friedman and Schwartz's way of doing economic analysis - their National Bureau business cycle methods and Friedman's Marshallian methodology. With the post-war dominance of Cowles Commission methods and Walrasian methodology, Friedman and Schwartz's monetary economics appeared to contemporary critics to be 'measurement without theory'. Drawing extensively upon unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of the methodological impediments. The book will interest monetary economists and macroeconomists, as well as historians of economics and methodologists.

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Theory and Measurement

Causality Issues in Milton Friedman's Monetary Economics

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