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The book presents a new theory of the consumption function, exploring its definition in relation to empirical evidence. A distinguished economist rigorously tests this theory against extensive statistical data, aiming to establish it as a valid tool for future economic research and policy-making. The implications of this new approach are discussed, highlighting its significance in understanding consumer behavior and economic dynamics.
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Theory of the Consumption Function, Milton Friedman
- Language
- Released
- 2008
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- Title
- Theory of the Consumption Function
- Language
- English
- Authors
- Milton Friedman
- Publisher
- Princeton University Press
- Publisher
- 2008
- Format
- Paperback
- Pages
- 260
- ISBN13
- 9780691138862
- Category
- Business and Economics
- Description
- The book presents a new theory of the consumption function, exploring its definition in relation to empirical evidence. A distinguished economist rigorously tests this theory against extensive statistical data, aiming to establish it as a valid tool for future economic research and policy-making. The implications of this new approach are discussed, highlighting its significance in understanding consumer behavior and economic dynamics.