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consumption function

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Journal Article
History of Political Economy (2019) 51 (3): 493–513.
Published: 01 June 2019
...Hsiang-Ke Chao Empirical tests in economics may not decisively confirm or disconfirm a theory. Three cases of studies of consumption function from the 1930s to the early 1970s discussed in this article show that we can interpret economists’ practices as inferences to derive the best model from...
Journal Article
History of Political Economy (2011) 43 (4): 779–781.
Published: 01 November 2011
...Jim Thomas Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function . By Chao Hsiang-Ke . London : Routledge , 2009 . xiii; 161 pp. £65.00 . Copyright 2011 by Duke University Press 2011 References Malinvaud Edmond...
Journal Article
History of Political Economy (1992) 24 (1): 153–181.
Published: 01 March 1992
.... Copyright © 1992 by Duke University Press 1992 References Bassie , V. L. 1946 . Consumers' Expenditures in War and Transition. Review of Economic Statistics 28 . 3 ( August ): 121 -29. Blinder , A. S. 1975 . Distribution Effects and the Aggregate Consumption Function. Journal...
Journal Article
History of Political Economy (2022) 54 (S1): 43–68.
Published: 01 December 2022
...Jennifer Burns Abstract This article uses archival sources to reconstruct an alternate history of Milton Friedman's A Theory of the Consumption Function , spotlighting the contributions of his collaborators Margaret Reid, Dorothy Brady, and Rose Friedman. Although Milton Friedman offered public...
Journal Article
History of Political Economy (2015) 47 (4): 547–575.
Published: 01 December 2015
... articles in the same journal (1903, 1910, 1913), explored in great detail the impact of third-party consumption on an individual's utility function and, potentially, on social welfare. In fact, in such cases, the derivation of the market demand curve, and even the very notion of consumer surplus, seemed...
Journal Article
History of Political Economy (2019) 51 (5): 867–900.
Published: 01 October 2019
... Sanctis 86100 Campobasso, Italy; email: antonella.rancan@unimol.it . Copyright © 2019 Duke University Press 2019 consumption function income distribution life cycle hypothesis Brumberg Ando References Ando Albert K. Modigliani Franco . 1959 . “ Growth, Fluctuations...
Journal Article
History of Political Economy (2023) 55 (1): 103–143.
Published: 01 February 2023
... decisions. Establishing credible phenomena revealed the increasing difficulties of RBC models in matching, for instance, the curvature of consumption impulse reaction functions to monetary shocks. This mismatch between RBC models and established facts led to their demise as the preferred dynamic stochastic...
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Journal Article
History of Political Economy (1996) 28 (3): 371–390.
Published: 01 September 1996
... . Cambridge: Harvard University Press. Foster , W. T. , and W. Catchings 1923 . Money . Boston and New York: Houghton Mifflin. Friedman , M. 1957 . A Theory of the Consumption Function . Princeton: Princeton University Press. Friedman , M. 1963 . Windfalls, the ‘Horizon...
Journal Article
History of Political Economy (2003) 35 (1): 77–104.
Published: 01 March 2003
... . Chicago: University of Chicago Press. ____. 1957 . A Theory of the Consumption Function . Princeton, N.J.: Princeton University Press. ____. 1960 . Comments. In vol. 2 of Proceedings of the Conference on Consumption and Saving , edited by Irwin Friend and Robert Jones, 191 -205. Philadelphia...
Journal Article
History of Political Economy (1995) 27 (Supplement): 267–271.
Published: 01 December 1995
... . The Theory of Interest . New York: Macmillan. Friedman , M. 1957 . A Theory of the Consumption Function . Princeton, N.J.: Princeton University Press. Hansen , A. H. [ 1947 ] 1966 . The General Theory. In Readings in Economics . Edited by M. G. Mueller. New York: Holt, Rinehart...
Journal Article
History of Political Economy (1987) 19 (2): 311–328.
Published: 01 June 1987
... of the consumption function. Indeed it may simply mean that desires to save may change gradually and that because shifts of and movements along a savings func- tion are entirely blurred, Keynes’ understanding was not advanced. But whether savings fall by virtue of taste revision in the face of poverty...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 166–187.
Published: 01 December 2011
... Series Data . Working Paper , Department of Economics , Oxford University . Samuelson Paul A. 1941 . A Statistical Analysis of the Consumption Function . In Fiscal Policy and Business Cycles , by Hansen Alvin . New York : Norton . ———. [ 1947 ] 1983 . Foundations of Economic...
Journal Article
History of Political Economy (2012) 44 (suppl_1): 137–159.
Published: 01 December 2012
... ( 5 ): 457 – 85 . Bean L. H. 1946 . “ Relation of Disposable Income and the Business Cycle to Expenditures .” Review of Economics and Statistics 28 ( 4 ): 199 – 207 . Bennion E. G. 1946 . “ The Consumption Function: Cyclically Variable? ” Review of Economics...
Journal Article
History of Political Economy (1987) 19 (4): 647–658.
Published: 01 November 1987
... they are claiming for the Treatise. How visible are the “glimpses of an endogenous reduction in savings” in the Treatise (L-M, 312)? How strong is its “whiff of a marginal propensity to save” (L-M, 317; italics in original)? How developed is its “embryonic consumption function” as compared with the full...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 140–165.
Published: 01 December 2011
... in Economics: The Methodology of Econometric Models of the Consumption Function . London : Routledge . Christ Carl F. 1951 . A Test of an Econometric Model for the United States, 1921–1947 . In Conference on Business Cycles . New York : National Bureau of Economic Research . ———. 1966...
Journal Article
History of Political Economy (2021) 53 (S1): 81–110.
Published: 01 December 2021
... orientations. By analyzing the financial programming tool, the article shows that the treatment of basic national accounting identities neglects variables like household consumption even when alternative methods exist. Changes in methods may be discarded to ensure the legibility of economic works over...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 165–189.
Published: 01 December 2004
... consumption function. Responding to theories of consumption advanced by James Duesenberry in his Harvard dissertation and by Dorothy Stahl Brady and Rose Director Friedman in a National Bureau of Economic Research conference volume, Tobin (1951) presented empirical evidence that absolute income...
Journal Article
History of Political Economy (1990) 22 (3): 489–505.
Published: 01 September 1990
... 7.2. 494 History of Political Economy 22:3 (I 990) consumption function results from adding up all micro consumption functions, so its construction can give rise to inconsistent and nonsensi- cal numerical consequences. This is shown by the following example of two consumers each having...
Journal Article
History of Political Economy (2011) 43 (4): 765–768.
Published: 01 November 2011
... 10.1215/00182702-1430364 Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function. By Hsiang-Ke Chao. London: Routledge, 2009. xiii; 161 pp. £65.00. Commenting on the treatment of methodology in econometrics, Edmond Malin- vaud (2007, 446...
Journal Article
History of Political Economy (2011) 43 (4): 769–770.
Published: 01 November 2011
.... Jeremy D. Popkin, University of Kentucky 10.1215/00182702-1430364 Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function. By Hsiang-Ke Chao. London: Routledge, 2009. xiii; 161 pp. £65.00...