The Relation Between the Permanent Income and Relative Income Hypotheses

Friedman, Milton

The Relation Between the Permanent Income and Relative Income Hypotheses

(457 K)

Milton Friedman

Chapter in NBER book A Theory of the Consumption Function (1957), Milton Friedman (p. 157 - 182)
Published in 1957 by Princeton University Press

This paper is available as PDF (457 K) or via email.

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The Relation Between the Permanent Income and Relative Income Hypotheses

Milton Friedman

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