Theory and measurement: causality issues in Milton Friedman's monetary economics
Focusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, from 1948 to 1991, this 1996 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 grounde...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Cambridge
Cambridge University Press
1996
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Schriftenreihe: | Historical perspectives on modern economics
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Schlagworte: | |
Online-Zugang: | BSB01 UBG01 URL des Erstveröffentlichers |
Zusammenfassung: | Focusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, from 1948 to 1991, this 1996 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 post-war 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 Drawing extensively upon unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of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 |
Beschreibung: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
Beschreibung: | 1 online resource (x, 238 pages) |
ISBN: | 9780511528255 |
DOI: | 10.1017/CBO9780511528255 |
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Datensatz im Suchindex
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author | Hammond, J. Daniel |
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contents | 1. Theory and Measurement at the National Bureau -- 2. Origins of Friedman's Marshallian Methodology -- 3. Origins of the Monetary Project -- 4. Critiques from Within the National Bureau -- 5. Post Hoc Ergo Propter Hoc: Part I -- 6. Reactions to the Monetary History -- 7. Post Hoc Ergo Propter Hoc: Part II -- 8. Friedman and His Critics on the Theoretical Framework -- 9. The Great Depression -- 10. Measurement without Measurement: Hendry and Ericsson's Critique |
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dewey-full | 330.15/7 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 330 - Economics |
dewey-raw | 330.15/7 |
dewey-search | 330.15/7 |
dewey-sort | 3330.15 17 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
doi_str_mv | 10.1017/CBO9780511528255 |
format | Electronic eBook |
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illustrated | Not Illustrated |
indexdate | 2024-07-10T07:38:40Z |
institution | BVB |
isbn | 9780511528255 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029331769 |
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physical | 1 online resource (x, 238 pages) |
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publishDate | 1996 |
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publisher | Cambridge University Press |
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series2 | Historical perspectives on modern economics |
spelling | Hammond, J. Daniel Verfasser aut Theory and measurement causality issues in Milton Friedman's monetary economics J. Daniel Hammond Theory & Measurement Cambridge Cambridge University Press 1996 1 online resource (x, 238 pages) txt rdacontent c rdamedia cr rdacarrier Historical perspectives on modern economics Title from publisher's bibliographic system (viewed on 05 Oct 2015) 1. Theory and Measurement at the National Bureau -- 2. Origins of Friedman's Marshallian Methodology -- 3. Origins of the Monetary Project -- 4. Critiques from Within the National Bureau -- 5. Post Hoc Ergo Propter Hoc: Part I -- 6. Reactions to the Monetary History -- 7. Post Hoc Ergo Propter Hoc: Part II -- 8. Friedman and His Critics on the Theoretical Framework -- 9. The Great Depression -- 10. Measurement without Measurement: Hendry and Ericsson's Critique Focusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, from 1948 to 1991, this 1996 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 post-war 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 upon unpublished materials, Professor Hammond's treatment offers new insights on Milton 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 / 1912-2006 Friedman, Milton 1912-2006 (DE-588)118535625 gnd rswk-swf 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 1\p DE-604 Erscheint auch als Druckausgabe 978-0-521-02264-4 Erscheint auch als Druckausgabe 978-0-521-55205-9 https://doi.org/10.1017/CBO9780511528255 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Hammond, J. Daniel Theory and measurement causality issues in Milton Friedman's monetary economics 1. Theory and Measurement at the National Bureau -- 2. Origins of Friedman's Marshallian Methodology -- 3. Origins of the Monetary Project -- 4. Critiques from Within the National Bureau -- 5. Post Hoc Ergo Propter Hoc: Part I -- 6. Reactions to the Monetary History -- 7. Post Hoc Ergo Propter Hoc: Part II -- 8. Friedman and His Critics on the Theoretical Framework -- 9. The Great Depression -- 10. Measurement without Measurement: Hendry and Ericsson's Critique Friedman, Milton / 1912-2006 Friedman, Milton 1912-2006 (DE-588)118535625 gnd 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_alt | Theory & Measurement |
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 / 1912-2006 Friedman, Milton 1912-2006 (DE-588)118535625 gnd Money Business cycles Neoclassical school of economics Geldtheorie (DE-588)4121333-6 gnd |
topic_facet | Friedman, Milton / 1912-2006 Friedman, Milton 1912-2006 Money Business cycles Neoclassical school of economics Geldtheorie |
url | https://doi.org/10.1017/CBO9780511528255 |
work_keys_str_mv | AT hammondjdaniel theoryandmeasurementcausalityissuesinmiltonfriedmansmonetaryeconomics AT hammondjdaniel theorymeasurement |