You might also like

More about Theory and Measurement

• Book details
• Synopsis
• Trending among others

You get 126 loyalty points

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 Drawing extensively upon unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of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

Book details

Book category Books in English Economics, finance, business & management Economics Macroeconomics

• Full title: Theory and Measurement
• Subtitle: Causality Issues in Milton Friedman's Monetary Economics
• Author: J. Daniel Hammond
• Language: English
• Binding: Paperback
• Number of pages: 252
• EAN: 9780521022644
• ISBN: 0521022649
• ID: 02018317
• Publisher: Cambridge University Press
• Weight: 381 g
• Dimensions: 229 × 154 × 16 mm
• Date of publishing: 10. November 2005

Trending among others

---

---

---