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008			971208s1996 enka b 001 0beng d
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035			_a(OCoLC)32509336
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050	0	0	_aHB119.F84 _bH36 1996
082	0	0	_a330.157 _220
100	1		_aHammond, J. Daniel, _eauthor. _91043799
245	1	0	_aTheory and measurement : _bcausality issues in Milton Friedman's monetary economics / _cJ. Daniel Hammond.
264		1	_aCambridge ; _aNew York : _bCambridge University Press, _c1996.
300			_ax, 238 pages : _billustrations ; _c24 cm.
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
490	1		_aHistorical perspectives on modern economics
504			_aIncludes bibliographical references (pages 219-234) and index.
505	0	0	_tIntroduction -- _g1. _tTheory and measurement at the National Bureau -- _g2. _tOrigins of Friedman's Marshallian methodology -- _g3. _tOrigins of the monetary project -- _g4. _tCritiques from within the National Bureau -- _g5. _tPost Hoc Ergo Propter Hoc, part I -- _g6. _tReactions to the Monetary History -- _g7. _tPost Hoc Ergo Propter Hoc, part II -- _g8. _tFriedman and his critics on the theoretical framework -- _g9. _tThe Great Depression -- _g10. _tMeasurement without measurement: Hendry and Ericsson's critique -- _tConclusion.
520			_aFocusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, this 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 postwar 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 Drawing extensively on unpublished materials, Professor Hammond's treatment offers new insights on Friedman's attempts to settle debates with his critics and his eventual recognition of the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.
588			_aMachine converted from AACR2 source record.
600	1	0	_aFriedman, Milton, _d1912-2006 _9331961
650		0	_aMoney _9321018
650		0	_aBusiness cycles _9314888
650		0	_aNeoclassical school of economics _9321351
830		0	_aHistorical perspectives on modern economics. _91043800
907			_a.b10721423 _b23-03-18 _c27-10-15
942			_cB
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998			_ab _ac _b23-03-18 _cm _da _feng _genk _h0
999			_c1139160 _d1139160