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Optimum quantity of money and other essays


optimum quantity of money and other essays

Finance -Economists are much better at defining what should be done to maintain an equilibrium than at devising means of recovering it when it is lost. Author: Friedman, Milton, publisher: Aldine, full Bibliography: Friedman, Milton. This real quantity of money has important effects on the efficiency of operation of the economic mechanism, on how wealthy people regard themselves as being and, indeed, on how wealthy they actually are. These essays summarize some of the most important results essay writing on digital technology for better india of Friedman's extensive research over the course of his lifetime. The subtleties and nuances are almost always recognized either in the text or in footnotes. This theoretical framework is used in examining a number of empirical problems: the demand for money, the explanation of price changes in wartime periods, and the role of money in business cycles. It is the former question, not the latter, on which Friedman's historical researches may well throw some light." -J. Friedman's important contributions to monetary economics could not be fully appreciated if the reader failed to take his warning seriously about accepting economic propositions without critical examination, be they propositions by Keynes or by Friedman.- -Gregory. Publication Type(s Books, books, place Published: Chicago, Illinois, United States. This is an ingenious and interesting analysis.- -John. For those reasons, no economist working in the field of monetary theory can afford to be unfamiliar with the writings of Milton Friedman.

The book under review is a collection of his essays on the subject, and should be read by every serious student of monetary economics. Friedman's presidential address to the American Economic Association, included here, provides a general summary of his views on the role of monetary policy, with an emphasis on its limitations and its possibilities. The following chapters formally restate why quantity analysis has become central to the science of economics.

Pressestimmen "Milton Friedman, more than any other individual, has reshaped the thinking of contemporary economists and economic policy-makers on monetary theory and policy. Friedman's important contributions to monetary economics could not be fully appreciated if the reader failed to take his warning seriously about accepting economic propositions without critical examination, be they propositions by Keynes or by Friedman." -Gregory. Kontakte, drive, kalender, google √úbersetzer, fotos, mehr, shopping. Stein, Journal of Money, Credit and Banking "What Friedman and his associates have done best is to marshall an impressive amount of evidence to show that "money is important." Their sustained efforts in this regard over the past 20 years have without doubt greatly altered. It has been a delight to read or reread the essays in this volume. The volume will be no less important for practicing business and banking personnel as well. Format: Citation, record Number: 2016c21.1260). Stein, Journal of Money, Credit and Banking -What Friedman and his associates have done best is to marshall an impressive amount of evidence to show that -money is important.- Their sustained efforts in this regard over the past 20 years have without doubt greatly altered.


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