---
product_id: 24125113
title: "A Theory of the Consumption Function"
price: "164 zł"
currency: PLN
in_stock: true
reviews_count: 8
url: https://www.desertcart.pl/products/24125113-a-theory-of-the-consumption-function
store_origin: PL
region: Poland
---

# A Theory of the Consumption Function

**Price:** 164 zł
**Availability:** ✅ In Stock

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- **What is this?** A Theory of the Consumption Function
- **How much does it cost?** 164 zł with free shipping
- **Is it available?** Yes, in stock and ready to ship
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Review: Serious - This is the work that Milton Friedman is most proud of and is a seminal work on economics but it is very technical.
Review: One of Milton Friedman's best books - Many economists believe that this is the best book ever written by Milton Friedman. Though my favorite is his book "A Monetary History of the United States: 1867-1960", coauthored with Anna J. Schwartz, "A Theory of the Consumption Function" is undoubtedly one of his best books. So many great ideas came from this book, such as permanent income hypothesis (PIH) and long-run consumption function, and others were induced from it, such as Lucas critique and random walk theory of consumption. In fact Friedman himself had applied PIH to studies of money demand, optimum quantity of money, and the restatement of the Quantity Theory of Money. It is definitely a thoughtful and heuristic book in macroeconomics.

## Technical Specifications

| Specification | Value |
|---------------|-------|
| Best Sellers Rank | #11,620,262 in Books ( See Top 100 in Books ) #1,070 in Theory of Economics #1,363 in Statistics (Books) #1,576 in Marketing & Consumer Behavior |
| Customer Reviews | 4.6 out of 5 stars 67 Reviews |

## Images

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## Customer Reviews

### ⭐⭐⭐⭐⭐ Serious
*by B***K on October 6, 2024*

This is the work that Milton Friedman is most proud of and is a seminal work on economics but it is very technical.

### ⭐⭐⭐⭐⭐ One of Milton Friedman's best books
*by D***N on July 22, 2015*

Many economists believe that this is the best book ever written by Milton Friedman. Though my favorite is his book "A Monetary History of the United States: 1867-1960", coauthored with Anna J. Schwartz, "A Theory of the Consumption Function" is undoubtedly one of his best books. So many great ideas came from this book, such as permanent income hypothesis (PIH) and long-run consumption function, and others were induced from it, such as Lucas critique and random walk theory of consumption. In fact Friedman himself had applied PIH to studies of money demand, optimum quantity of money, and the restatement of the Quantity Theory of Money. It is definitely a thoughtful and heuristic book in macroeconomics.

### ⭐⭐⭐⭐⭐ A Theory of the Consumption Function
*by J***Y on October 30, 2013*

Excellent book by Nobel Laureate Milton Friedman. Product arrived promptly, has a sturdy feel, and is just as expected. The book is one of the main influences in Friedman's winning of the Nobel Prize in 1976 and has contributed to a great amount of discussion and research. Friedman is still to this day one of the most cited economists in the study and this book is one of the key reasons as to why.

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*Product available on Desertcart Poland*
*Store origin: PL*
*Last updated: 2026-05-22*