FIRST EDITION OF MILTON FRIEDMAN'S ECONOMICS MASTERPIECE, A THEORY OF THE CONSUMPTION FUNCTION
FRIEDMAN, Milton. A Theory of the Consumption Function. Princeton: Princeton University Press, 1957. Octavo, original blue cloth, original dust jacket. $3800.
First edition of Friedman's groundbreaking econometrics work, believed by many to be his finest.
This acclaimed work of economic theory "reinterpreted that Keynesian concept of the consumption function by relating it to lifetime instead of current income. For its ingenious manipulation of data and its reconciliation of apparently conflicting evidence, this book must rank as one of the masterpiece of modern econometrics" (Blaug, 63). Friedman "is regarded [as] a giant within the economics profession, and is one of the two or three most referenced and revered economics figures in the 20th century" (Pressman, 161).
Book fine, dust jacket near-fine with mild toning to extremities. An excellent copy.