A Theory of the Consumption Function

The book arrived quickly. While it does have some underlining of words...it is the 1957 edition and is what I wanted.

Many economists believe that this is the best book ever written by Milton Friedman. Though my favorite is his book "A Monetary History of the United States: 1867-1960", coauthored with Anna J. Schwartz, "A Theory of the Consumption Function" is undoubtedly one of his best books. So many great ideas came from this book, such as permanent income hypothesis (PIH) and long-run consumption function, and others were induced from it, such as Lucas critique and random walk theory of consumption. In fact Friedman himself had applied PIH to studies of money demand, optimum quantity of money, and the restatement of the Quantity Theory of Money. It is definitely a thoughtful and heuristic book in macroeconomics.

if you want to be informed, this is the book to be read about economics.

Nice product.

This book is a classic, and a must read for anyone majoring in the field of economics. Easy to read and understand. Highly recommended.

Excellent book by Nobel Laureate Milton Friedman. Product arrived promptly, has a sturdy feel, and is just as expected. The book is one of the main influences in Friedman's winning of the Nobel Prize in 1976 and has contributed to a great amount of discussion and research. Friedman is still to this day one of the most cited economists in the study and this book is one of the key reasons as to why.

Timeless insights. Everyone in America needs to read this book. It should be required reading in High School and College.

Very technical for a masters plus level.