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The Resource Theory and measurement : causality issues in Milton Friedman's monetary economics, J. Daniel Hammond, (electronic resource)

Theory and measurement : causality issues in Milton Friedman's monetary economics, J. Daniel Hammond, (electronic resource)

Creator
Summary
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 Drawing extensively upon unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of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.--
Language
eng
Work
Publication
Extent
1 online resource (x, 238 pages)
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
Isbn
9780511528255
Link
https://eui.idm.oclc.org/login?url=https://doi.org/10.1017/CBO9780511528255
Instance
Label
Theory and measurement : causality issues in Milton Friedman's monetary economics
Title
Theory and measurement
Title remainder
causality issues in Milton Friedman's monetary economics
Statement of responsibility
J. Daniel Hammond
Title variation
Theory & Measurement
Creator
Subject
Language
eng
Summary
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.--
Member of
Assigning source
Provided by publisher
Cataloging source
UkCbUP
http://library.link/vocab/creatorName
Hammond, J. Daniel
Index
index present
Literary form
non fiction
Nature of contents
dictionaries
Series statement
  • Historical perspectives on modern economics
  • Cambridge Social Sciences eBooks
http://library.link/vocab/subjectName
  • Friedman, Milton
  • Money
  • Business cycles
  • Neoclassical school of economics
Label
Theory and measurement : causality issues in Milton Friedman's monetary economics, J. Daniel Hammond, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=https://doi.org/10.1017/CBO9780511528255
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
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
Control code
CR9780511528255
Dimensions
unknown
Extent
1 online resource (x, 238 pages)
Form of item
online
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9780511528255
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
digital, PDF file(s).
Specific material designation
remote
System control number
(OCoLC)708565462
Label
Theory and measurement : causality issues in Milton Friedman's monetary economics, J. Daniel Hammond, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=https://doi.org/10.1017/CBO9780511528255
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
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
Control code
CR9780511528255
Dimensions
unknown
Extent
1 online resource (x, 238 pages)
Form of item
online
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9780511528255
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
digital, PDF file(s).
Specific material designation
remote
System control number
(OCoLC)708565462

Subject

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