Milton Friedman

Price Theory

A Provisional Text

• Broschiertes Buch

Produktbeschreibung

2010 Reprint of 1962 edition. Price Theory comprises the full text of Friedman's legendary course on price theory taught at the University of Chicago. Friedman was originally a Keynesian supporter of the New Deal and advocate of government intervention in the economy. However, his 1950s reinterpretation of the Keynesian consumption function challenged the basic Keynesian model. At the University of Chicago, Friedman became the main advocate for opposing Keynesianism. During the 1960s he promoted an alternative macroeconomic policy known as "monetarism". He theorized there existed a "natural rate of unemployment" and he argued the central government could not micromanage the economy because people would realize what the government was doing and change their behavior to neutralize such policies. Price Theory is the transcript of Friedman's legendary course on price theory taught at the University of Chicago.

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Produktdetails

• Verlag: Martino Fine Books
• Seitenzahl: 290
• Erscheinungstermin: 1. Dezember 2010
• Englisch
• Abmessung: 280mm x 210mm x 16mm
• Gewicht: 716g
• ISBN-13: 9781888262711
• ISBN-10: 1888262710
• Artikelnr.: 32809984

Inhaltsangabe

AldineTransaction Introduction
Preface
Preface to Price Theory: A Provisional Text
1. Introduction
2. Theory of Demand
3. The Welfare Effects of Taxes
4. The Utility Analysis of Uncertainty
5. The Relationships Between Supply Curves and Cost Curves
6. The Law of Variable Proportions and a Firm's Cost Curves
7. Derived Demand
8. The Theory of Distribution with Fixed Proportions
9. The Theory of Marginal Productivity and the Demand for Factors of Production
10. Marginal Productivity Analysis: Some General Issues
11. The Supply of Factors of Production
12. Wage Determination and Unemployment
13. Wages i n Different Occupations
14. Relation Between the Functional and Personal Distribution of Income
15. The Size Distribution of Income
16. Profits
17. The Theory of Capital and the Rate of Interest
Appendix A. Reading Assignments
Appendix B. Problems
Index

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Frontmatter -- Table of Contents -- Preface -- Preface to Price Theory: A Provisional Text -- 1. Introduction -- 2. Theory of Demand -- 3. The "Welfare" Effects of Taxes -- 4. The Utility Analysis of Uncertainty -- 5. The Relationships Between Supply Curves and Cost Curves -- 6. The Law of Variable Proportions and a Firm's Cost Curves -- 7. Derived Demand -- 8. The Theory of Distribution with Fixed Proportions -- 9. The Theory of Marginal Productivity and the Demand for Factors of Production -- 10. Marginal Productivity Analysis: Some General Issues -- 11. The Supply of Factors of Production -- 12. Wage Determination and Unemployment -- 13. Wages in Different Occupations -- 14. Relation Between the Functional and Personal Distribution of Income -- 15. The Size Distribution of Income -- 16. Profits -- 17. The Theory of Capital and the Rate of Interest -- Appendix A: Reading Assignments -- Appendix B: Problems -- Index