The Demand For Money

The Demand For Money: Some Theoretical And Empirical Results is a book written by Milton Friedman, a renowned economist, in 1959. The book is a comprehensive study of the demand for money, which is a crucial concept in economics. Friedman presents both theoretical and empirical results to explain the demand for money and its role in the economy.The book is divided into three parts. The first part provides an overview of the demand for money, its importance, and the different theories that have been proposed to explain it. The second part focuses on the empirical evidence that supports these theories. Friedman presents data from various countries and time periods to demonstrate the relationship between the demand for money and other economic variables, such as income and interest rates.In the third part of the book, Friedman discusses the implications of the demand for money for monetary policy. He argues that understanding the demand for money is crucial for policymakers to make informed decisions about monetary policy. He also discusses the role of the central bank in controlling the money supply and its impact on the economy.Overall, The Demand For Money: Some Theoretical And Empirical Results is a seminal work in the field of economics. It provides a comprehensive analysis of the demand for money and its implications for monetary policy. The book is still relevant today and is widely regarded as a classic in the field of economics.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.