...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...

.... 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...

...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...

...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...

... 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...

... Sanctis 86100 Campobasso, Italy; email: [email protected] . Copyright © 2019 Duke University Press 2019 consumption function income distribution life cycle hypothesis Brumberg Ando References Ando Albert K. Modigliani Franco . 1959 . “ Growth, Fluctuations...

...” (Hall 1996 : 43). In the future RBC and DSGE models, the Euler equation had that precise function as a bridge between optimal consumption and asset pricing—a connection that will become an important source of empirical puzzles and new exemplars for the whole DSGE modeling strategy (Campbell 2003...

.... 1957 . A Theory of the Consumption Function . Princeton: Princeton University Press. Friedman , M. 1963 . Windfalls, the ‘Horizon,’ and Related Concepts in the Permanent Income Hypothesis. In Measurement in Economics . Edited by C. Christ et al. Stanford: Stanford University Press...

... . 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...

... . 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...

... 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...

... 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...

... ( 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...

... 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...

... 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...

... 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...

... 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...

... 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...

... 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) wrote the following: Both Frisch and Haavelmo were motivated by the fact that some elements...

.... 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...