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Theory and Measurement
By:J. Daniel Hammond
Published on 2005-11-10 by Cambridge University Press

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 Drawing extensively upon unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates with his critics and his eventual recognition of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.

This Book was ranked at 18 by Google Books for keyword Monetary economics.

Book ID of Theory and Measurement's Books is m1n9R4Kr03sC, Book which was written byJ. Daniel Hammondhave ETAG "JCLicXn7vLg"

Book which was published by Cambridge University Press since 2005-11-10 have ISBNs, ISBN 13 Code is 9780521022644 and ISBN 10 Code is 0521022649

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