Theory and Measurement: Causality Issues in Milton Friedman's Monetary Economics - Couverture rigide

Hammond, J. Daniel

 
9780521552059: Theory and Measurement: Causality Issues in Milton Friedman's Monetary Economics
Couverture rigide
ISBN 10 : 0521552052 ISBN 13 : 9780521552059
Editeur : Cambridge University Press, 1996

Synopsis

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 Drawing extensively upon unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of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

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 Drawing extensively upon unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of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

Revue de presse

'... I consider the overall scientific quality of the book excellent. Any scholar of the history of the twentieth-century macroeconomics will find it stimulating.' History of Economic Ideas

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Cambridge University Press
Date d'édition
1996
Langue
anglais
ISBN 10 
0521552052
ISBN 13 
9780521552059
Reliure
Relié
Nombre de pages
250
Coordonnées du fabricant
non disponible
Personne responsable
Avery
https://www.avery.fr/

chemin des peupliers 27
Dardilly
France

Autres éditions populaires du même titre

9780521022644: Theory and Measurement: Causality Issues in Milton Friedman's Monetary Economics

Edition présentée

ISBN 10 :  0521022649 ISBN 13 :  9780521022644
Editeur : Cambridge University Press, 2008
Couverture souple