Theory and measurement: causality issues in Milton Friedman's monetary economics
Focusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, this work examines the history of debates between Friedman and his critics over money's causal role in business cycles. Professor Hammond shows that critics' reactions were grounded in two distinctive fea...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge [u.a.]
Cambridge Univ. Press
1996
|
| Edition: | 1. publ. |
| Series: | Historical perspectives on modern economics
|
| Subjects: | |
| Online Access: | Publisher description Table of contents |
| Summary: | Focusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, this work examines the history of debates between Friedman and his critics over money's causal role in business cycles. Professor Hammond shows that critics' reactions were grounded in two distinctive features of Friedman and Schwartz's way of doing economic analysis - their National Bureau business-cycle methods and Friedman's Marshallian methodology. With the postwar dominance of Cowles Commission methods and Walrasian methodology, Friedman and Schwartz's monetary economics appeared to contemporary critics to be "measurement without theory." Drawing extensively on unpublished materials, Professor Hammond's treatment offers new insights on Friedman's attempts to settle debates with his critics and his eventual recognition of the methodological impediments. The book will interest monetary economists and macroeconomists, as well as historians of economics and methodologists. |
| Item Description: | Literaturverz. S. 219 - 234 |
| Physical Description: | X, 238 S.: graph. Darst. |
| ISBN: | 0521552052 |
Staff View
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| institution | BVB |
| isbn | 0521552052 |
| language | English |
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| spelling | Hammond, J. Daniel Verfasser aut Theory and measurement causality issues in Milton Friedman's monetary economics J. Daniel Hammond 1. publ. Cambridge [u.a.] Cambridge Univ. Press 1996 X, 238 S.: graph. Darst. txt rdacontent n rdamedia nc rdacarrier Historical perspectives on modern economics Literaturverz. S. 219 - 234 Focusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, this work examines the history of debates between Friedman and his critics over money's causal role in business cycles. Professor Hammond shows that critics' reactions were grounded in two distinctive features of Friedman and Schwartz's way of doing economic analysis - their National Bureau business-cycle methods and Friedman's Marshallian methodology. With the postwar dominance of Cowles Commission methods and Walrasian methodology, Friedman and Schwartz's monetary economics appeared to contemporary critics to be "measurement without theory." Drawing extensively on unpublished materials, Professor Hammond's treatment offers new insights on Friedman's attempts to settle debates with his critics and his eventual recognition of the methodological impediments. The book will interest monetary economists and macroeconomists, as well as historians of economics and methodologists. Friedman, Milton <1912-> Friedman, Milton, 1912- Friedman, Milton 1912-2006 (DE-588)118535625 gnd rswk-swf Ciclos comerciales Cycles économiques Escuela neoclásica de economía política Methodologie gtt Moneda Monetarisme gtt Monnaie Neoklassieke school gtt École néoclassique d'économie politique Methode Money Business cycles Neoclassical school of economics Geldtheorie (DE-588)4121333-6 gnd rswk-swf Friedman, Milton 1912-2006 (DE-588)118535625 p Geldtheorie (DE-588)4121333-6 s DE-604 http://www.loc.gov/catdir/description/cam027/95019324.html Publisher description http://www.loc.gov/catdir/toc/cam026/95019324.html Table of contents |
| spellingShingle | Hammond, J. Daniel Theory and measurement causality issues in Milton Friedman's monetary economics Friedman, Milton <1912-> Friedman, Milton, 1912- Friedman, Milton 1912-2006 (DE-588)118535625 gnd Ciclos comerciales Cycles économiques Escuela neoclásica de economía política Methodologie gtt Moneda Monetarisme gtt Monnaie Neoklassieke school gtt École néoclassique d'économie politique Methode Money Business cycles Neoclassical school of economics Geldtheorie (DE-588)4121333-6 gnd |
| subject_GND | (DE-588)118535625 (DE-588)4121333-6 |
| title | Theory and measurement causality issues in Milton Friedman's monetary economics |
| title_auth | Theory and measurement causality issues in Milton Friedman's monetary economics |
| title_exact_search | Theory and measurement causality issues in Milton Friedman's monetary economics |
| title_full | Theory and measurement causality issues in Milton Friedman's monetary economics J. Daniel Hammond |
| title_fullStr | Theory and measurement causality issues in Milton Friedman's monetary economics J. Daniel Hammond |
| title_full_unstemmed | Theory and measurement causality issues in Milton Friedman's monetary economics J. Daniel Hammond |
| title_short | Theory and measurement |
| title_sort | theory and measurement causality issues in milton friedman s monetary economics |
| title_sub | causality issues in Milton Friedman's monetary economics |
| topic | Friedman, Milton <1912-> Friedman, Milton, 1912- Friedman, Milton 1912-2006 (DE-588)118535625 gnd Ciclos comerciales Cycles économiques Escuela neoclásica de economía política Methodologie gtt Moneda Monetarisme gtt Monnaie Neoklassieke school gtt École néoclassique d'économie politique Methode Money Business cycles Neoclassical school of economics Geldtheorie (DE-588)4121333-6 gnd |
| topic_facet | Friedman, Milton <1912-> Friedman, Milton, 1912- Friedman, Milton 1912-2006 Ciclos comerciales Cycles économiques Escuela neoclásica de economía política Methodologie Moneda Monetarisme Monnaie Neoklassieke school École néoclassique d'économie politique Methode Money Business cycles Neoclassical school of economics Geldtheorie |
| url | http://www.loc.gov/catdir/description/cam027/95019324.html http://www.loc.gov/catdir/toc/cam026/95019324.html |
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