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Price Theory

A Provisional Text

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Friedman's course on price theory at the University of Chicago serves as a foundation for understanding his shift from Keynesianism to monetarism. He critiques the Keynesian model, particularly the consumption function, and introduces the concept of a "natural rate of unemployment." Emphasizing that government intervention often backfires, Friedman argues that individuals adjust their behavior in response to policy changes, rendering micromanagement ineffective. This work encapsulates his influential economic theories and challenges prevailing economic thought.

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Price Theory, Rose D. Friedman

Jazyk
Rok vydania
2010
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4,1
Veľmi dobrá
116 Hodnotenie

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Podtitul
A Provisional Text
Jazyk
anglicky
Rok vydania
2010
Väzba
mäkká
Počet strán
290
ISBN13
9781888262711
Série
Hodnotenie
4,1 z 5
Anotácia
Friedman's course on price theory at the University of Chicago serves as a foundation for understanding his shift from Keynesianism to monetarism. He critiques the Keynesian model, particularly the consumption function, and introduces the concept of a "natural rate of unemployment." Emphasizing that government intervention often backfires, Friedman argues that individuals adjust their behavior in response to policy changes, rendering micromanagement ineffective. This work encapsulates his influential economic theories and challenges prevailing economic thought.