The Demand For Money

The Demand For Money: Some Theoretical And Empirical Results is a book written by Milton Friedman in 1959. The book explores the concept of the demand for money, which refers to the amount of money that individuals and businesses hold for transactions and other purposes. Friedman presents both theoretical and empirical results in the book, drawing on economic theory and statistical analysis to support his arguments. He argues that the demand for money is influenced by a variety of factors, including the level of income, interest rates, and inflation. The book is divided into several chapters, each of which explores a different aspect of the demand for money. Friedman begins by discussing the various theories of money demand that have been proposed by economists over the years. He then goes on to present his own theory, which emphasizes the role of interest rates in determining the demand for money. In the later chapters of the book, Friedman presents empirical evidence to support his theories. He draws on data from a variety of sources, including surveys of households and businesses, to demonstrate how changes in interest rates and other factors affect the demand for money. Overall, The Demand For Money: Some Theoretical And Empirical Results is a seminal work in the field of monetary economics. It has been widely cited and influential in shaping the way economists think about the demand for money and its relationship to other economic variables.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.