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Price Theory

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.
Price Theory
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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.
Milton Friedman (1912-2006) was a senior research fellow at the Hoover Institution, Stanford University, and the Paul Snowden Distinguished Service Professor of Economics at the University of Chicago. In 1976 he was awarded the Nobel Prize in economics.
Author
Milton Friedman
Pages
290
Year
2010
ISBN-10
1888262710
ISBN-13
9781888262711
Format
Paperback
Short Title
PRICE THEORY
Publisher
Martino Fine Books
Language
English
Media
Book
DEWEY
338.52
Residence
Chicago, IL, US
Birth
1912
Death
2006
Subtitle
A Provisional Text
Imprint
Martino Fine Books
Country of Publication
United States
Illustrations
black & white illustrations
Publication Date
2010-12-03
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