Historical Perspectives on Modern Economics- Theory and Measurement Causality Issues in Milton Friedman's Monetary Economics
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Uitgever: Cambridge University Press
Auteur:
J. Daniel Hammond
J.Daniel Hammond
- Engels
- Hardcover
- 9780521552059
- 29 maart 1996
- 250 pagina's
Samenvatting
This 1996 work examines the history of debates between Friedman and his critics over money's causal role in business cycles from 1948 to 1991.
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 Drawing extensively upon unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of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.
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 Drawing extensively upon unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of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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- Hardcover
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- 29 maart 1996
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- 250
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- Hoofdauteur
- J. Daniel Hammond
- Tweede Auteur
- J.Daniel Hammond
- Hoofdredacteur
- Craufurd Goodwin
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- Cambridge University Press
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- Originele titel
- Theory and Measurement: Causality Issues in Milton Friedman's Monetary Economics
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- 229 mm
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- 152 mm
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- 17 mm
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- 540 g
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- 9780521552059
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