Essays in Positive Economics"Stimulating, provocative, often infuriating, but well worth reading."—Peter Newman, Economica "His critical blast blows like a north wind against the more pretentious erections of modern economics. It is however a healthy and invigorating blast, without malice and with a sincere regard for scientific objectivity."—K.E. Boulding, Political Science Quarterly "Certainly one of the most engrossing volumes that has appeared recently in economic theory."—William J. Baumol, Review of Economics and Statistics |
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Avis d'utilisateur - wirkman - LibraryThingA fascinating collection containing some of Friedman's most famous technical essays. The first essay, "The Methodology of Positive Economics," is, I think, wrong-headed. But fascinating. Essential ... Consulter l'avis complet
Table des matières
| 5 | |
| 49 | |
| 102 | |
A FORMAL ANALYSIS | 119 |
A MONETARY AND FISCAL FRAMEWORK FOR ECONOMIC STABILITY | 135 |
THE CASE FOR FLEXIBLE EXCHANGE RATES | 159 |
COMMODITYRESERVE CURRENCY | 206 |
DISCUSSION OF THE INFLATIONARY GAP | 253 |
COMMENTS ON MONETARY POLICY | 265 |
A METHODOLOGICAL CRITICISM | 279 |
LERNER ON THE ECONOMICS OF CONTROL | 303 |
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Expressions et termes fréquents
action adjustment aggregate Alfred Marshall alternative amount analysis assumptions balances budget bundle cent changes commodity-reserve currency compensating variations competitive consumer consumer's surplus countercyclical currency commodity current interpretation cyclical decline deficit demand curve direct controls discussion economic theory edition effect elasticity eliminate equilibrium example excise tax expected factors fiat currency fiat standard flexible exchange rates fluctuations full employment gold standard hypothesis implications important income effect income tax increase indifference curve individual inflation initial internal prices Lange Lange's Lerner marginal utility Marshall Marshall's mathematical means ment modity monetary and fiscal monetary policy money income offset output perfect competition political position possible power of money predictions price level Principles problem produce proposal purchasing power quantity of money real income reason relative prices relevant speculation stability statement sterling area stock of money sumers supply suppose tend tion trade unit valid
Fréquemment cités
Page 129 - ... (1) the lag between the need for action and the recognition of this need; (2) the lag between recognition of the need for action and the taking of action ; and (3) the lag between the action and its effects.
Page 70 - The excess of the price which he would be willing to pay rather than go without the thing, over that which he actually does pay, is the economic measure of this surplus satisfaction.
Page 308 - If it is desired to maximize the total satisfaction in a society, the rational procedure is to divide income on an equalitarian basis.
Page 10 - The choice among alternative hypotheses equally consistent with the available evidence must to some extent be arbitrary, though there is general agreement that relevant considerations are suggested by the criteria 'simplicity' and 'fruitfulness', themselves notions that defy completely objective specifications. A theory is 'simpler...
Page 75 - The larger the amount of a thing that a person has the less, other things being equal (ie the purchasing power of money, and the amount of money at his command being equal), will be the price which he will pay for a little more of it: or in other words his marginal demand price for it diminishes.
Page 8 - Viewed as a body of substantive hypotheses, theory is to be judged by its predictive power for the class of phenomena which it is intended to "explain.
Page 30 - The hedonistic conception of man is that of a lightning calculator of pleasures and pains, who oscillates like a homogeneous globule of desire of happiness under the impulse of stimuli that shift him about the area, but leave him intact.
Page 57 - The question where the lines of division between different commodities should be drawn must be settled by convenience of the particular discussion. For some purposes it may be best to regard Chinese and Indian teas, or even Souchong and Pekoe teas, as diflerent commodities; and to have a separate demand schedule for each of them.
Page 14 - The reason is simple. A hypothesis is important if it "explains" much by little, that is, if it abstracts the common and crucial elements from the mass of complex and detailed circumstances surrounding the phenomena to be explained and permits valid predictions on the basis of them alone. To be important, therefore, a hypothesis must be descriptively false in its assumptions...
Page 101 - Quarterly Journal of Economics, LIX (August, 1945) 577-96, esp. 579-82; and A. Henderson, "The Case for Indirect Taxation," Economic Journal, LVIII (December, 1948), 538-53, esp. 538-40. A logically equivalent argument is used to discuss the welfare effects of alternative forms of direct taxation by Kenneth E. Boulding, Economic Analysis (rev. ed; New York: Harper & Bros., 1948), pp. 773-75, and is repeated by Eli Schwartz and Donald A. Moore, who dispute Boulding's specific conclusions but do not...
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Informations bibliographiques
| Titre | Essays in Positive Economics A Phoenix book. Business economics Page 231 de Business economics Page 231 de Phoenix books |
| Auteurs | Milton Friedman, MARILYN FRIEDMAN |
| Édition | illustrée, réimprimée, révisée |
| Éditeur | University of Chicago Press, 1953 |
| ISBN | 0226264033, 9780226264035 |
| Longueur | 328 pages |
| Exporter la citation | BiBTeX EndNote RefMan |