What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? In this volume a distinguished American economist presents a new theory of the consumption function, tests it against extensive statistical J material and suggests some of its significant implications. Central to the new theory is its sharp distinction between two concepts of income, measured income, or that which is recorded for a particular period, and permanent income, a longer-period concept in terms of which consumers decide how much to spend and how much to save. Milton Friedman suggests that the total amount spent on consumption is on the average the same fraction of permanent income, regardless of the size of permanent income. The magnitude of the fraction depends on variables such as interest rate, degree of uncertainty relating to occupation, ratio of wealth to income, family size, and so on. The hypothesis is shown to be consistent with budget studies and time series data, and some of its far-reaching implications are explored in the final chapter.

2009 Reprint of original 1956 edition. Paperback, 114pp. Mises wrote and lectured extensively on behalf of classical liberalism and is seen as one of the leaders of the Austrian School of economics. Mises introduced praxeology as a more general conceptual foundation of the social sciences and established that economic laws were only arrived at through the means of methodological individualism firmly rejecting positivism and materialism as a foundation for the social sciences. Many of his works were on two related economic themes:1. Monetary economics and inflation; 2. The differences between government controlled economies and free trade.

2012 Reprint of 1962 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. If Mises has an unheralded masterpiece, "The Ultimate Foundation of Economic Science" is it. There are two senses in which this book is indeed ultimate: it deals with the very core of economics as a science, and it is the last book that he wrote. For that reason, it is a real milestone in the history of his work. In this volume, Mises argued that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. Since Mises believed these links could be proven scientifically, he concluded that economics, with its basis on that human action, is indeed a science in its own right and not an ideology or a metaphysical doctrine.

Evolutionary Socialism was Bernstein's most significant work, and it set the stage for the Democratic Socialism of today. In Evolutionary Socialism, Bernstein was principally concerned with refuting Karl Marx's predictions about the imminent and inevitable demise of capitalism. Bernstein warned that a violent proletarian revolution, as in France in 1848, produced only reactionary successes, which undermined workers' interests. Therefore, he rejected revolution and instead insisted the best strategy to be patiently building up a durable social movement working for continuous nonviolent incremental change.

""Film in the Battle of Ideas"" is a book written by John Howard Lawson, a screenwriter and member of the Hollywood Ten who was blacklisted during the McCarthy era. The book explores the role of film in shaping public opinion and political ideology, particularly in the United States during the 1930s and 1940s. Lawson argues that film is a powerful tool for propaganda and that Hollywood has the ability to shape public opinion and influence political discourse. He examines the ways in which films have been used to promote various political ideologies, including fascism, communism, and capitalism, and argues that filmmakers have a responsibility to use their medium for the greater good. The book also delves into the political and cultural climate of Hollywood during the time period, including the effects of the Hays Code and the Red Scare. Overall, ""Film in the Battle of Ideas"" is an insightful and thought-provoking analysis of the intersection between film and politics.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.