About “A Theory of the Consumption Function”
A Theory of the Consumption Function presents a model of individual consumption behavior based on the distinction between measured income and permanent income. The book argues that consumption tends to be a stable fraction of permanent income, with the size of that fraction influenced by factors such as interest rates and family size.
Book details
- Published
- 1957
- Latest edition
- 1957 · ISBN 9780486841816
- ISBN
- 9780486841816
Frequently asked questions
How many pages is A Theory of the Consumption Function?
A Theory of the Consumption Function by Milton Friedman has 256 pages.
