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Książka Theory and Measurement J. Daniel Hammond

Theory and Measurement

Causality Issues in Milton Friedman's Monetary Economics

Autor: J. Daniel Hammond
Język: Angielski
Oprawa: Twarda
Wydawca: Cambridge University Press
Dostępność: Dostępna u dostawcy
Wysyłamy za 10-18 dni
655.02 zł
Focusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, from 1948 to 1991,...

Informacje o książce

Autor
J. Daniel Hammond
Język
Angielski
Oprawa
Książka - Twarda
Data wydania
1996
strony
250
EAN
9780521552059
ISBN
0521552052
Enbook ID
02034860
Wydawca
Cambridge University Press
Waga
467
Wymiary
152 x 229 x 17

Pełny opis

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 Drawing extensively upon unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of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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