Milton Friedman – A Theory of the Consumption Function | Books in Bytes Podcast скачать в хорошем качестве

Milton Friedman – A Theory of the Consumption Function | Books in Bytes Podcast

IIn this insightful podcast episode, our AI hosts delve into A Theory of the Consumption Function, Milton Friedman’s groundbreaking work that reshaped the understanding of consumer behavior in economics. They discuss Friedman’s Permanent Income Hypothesis, which argues that people base their consumption decisions on their long-term average income rather than short-term fluctuations. The hosts explore how this theory challenged Keynesian views of consumption, providing a deeper understanding of savings behavior, economic stability, and the implications for fiscal and monetary policy. Perfect for students of economics, policy enthusiasts, and anyone interested in the evolution of economic thought, this episode provides an engaging introduction to A Theory of the Consumption Function. Join us as we unpack Friedman’s influential ideas and discuss how his work continues to impact modern economic analysis and policymaking. Book Information Title: A Theory of the Consumption Function Author: Milton Friedman Year of First Publication: 1957 Publisher: Princeton University Press Genre: Economics, Nonfiction, Economic Theory The discussion was created with Google's NotebookLM Audio Summary feature. This is an experiment to make this work more accessible and get people interested in exploring these ideas.