TY - BOOK ID - 25528 TI - Theory and measurement : causality issues in Milton Friedman's monetary economics PY - 1996 VL - *9 SN - 0521552052 0521022649 0511528256 9780521552059 PB - Cambridge : Cambridge University Press, DB - UniCat KW - Money. Monetary policy KW - Friedman, Milton KW - Argent (monnaie) KW - Business cycles KW - Conjoncture économique KW - Conjunctuur KW - Cycles économiques KW - Ecole néo-classique (Economie) KW - Economic cycles KW - Economic fluctuations KW - Geld KW - Money KW - Neoclassical school of economics KW - Neoklassieke school (Economie) KW - Friedman, Milton, KW - AA / International- internationaal KW - 330.00 KW - 330.08 KW - 330.3 KW - 330.157 KW - Cambridge school of economics KW - Marshallian economics KW - Classical school of economics KW - Schools of economics KW - Cycles KW - Financial crises KW - Currency KW - Monetary question KW - Money, Primitive KW - Specie KW - Standard of value KW - Exchange KW - Finance KW - Value KW - Banks and banking KW - Coinage KW - Currency question KW - Gold KW - Silver KW - Silver question KW - Wealth KW - Economische en sociale theorieën: algemeenheden. KW - Economisten. KW - Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics. KW - Fridman, M., KW - Fridmen, Milton, KW - Fu-li-te-man, KW - Pʻŭridŭman, Miltʻŭn, KW - Folimin, Mi'erdun, KW - Economische en sociale theorieën: algemeenheden KW - Economisten KW - Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics KW - Business cycles. KW - Friedman, Milton, - 1912 KW - -Friedman, Milton KW - -Money. Monetary policy KW - -Business cycles. KW - Business, Economy and Management KW - Economics KW - Friedman, Milton, - 1912-2006 KW - Money. KW - Neoclassical school of economics. KW - -Money. UR - https://www.unicat.be/uniCat?func=search&query=sysid:25528 AB - 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. ER -