Name: Theory and Measurement: Causality Issues in Milton Friedman's Monetary Economics (Historical Perspectives on Modern Economics) (en Inglés)
Price: 219.36 PEN
Availability: InStock
Author: J. Daniel Hammond
ISBN: 9780521022644

portada Theory and Measurement: Causality Issues in Milton Friedman's Monetary Economics (Historical Perspectives on Modern Economics) (en Inglés)

Formato

Libro Físico

Editorial

Cambridge University Press

Autor

J. Daniel Hammond

Año

2005

Idioma

Inglés

N° páginas

252

Encuadernación

Tapa Blanda

ISBN

0521022649

ISBN13

9780521022644

Categorías

Teoría y filosofía de la economía

Theory and Measurement: Causality Issues in Milton Friedman's Monetary Economics (Historical Perspectives on Modern Economics) (en Inglés)

J. Daniel Hammond (Autor) · Cambridge University Press · Tapa Blanda

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Reseña del libro "Theory and Measurement: Causality Issues in Milton Friedman's Monetary Economics (Historical Perspectives on Modern Economics) (en Inglés)"

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 Drawing extensively upon unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of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