Knowledge that Transforms

Mark Rubinstein, The Strong Case for the Generalized Logarithmic Utility Model as the Premier Model of Financial Markets, The Journal of Finance, Vol. 31, No. 2, Papers and Proceedings of the Thirty-Fourth Annual Meeting of the American Finance Association Dallas, Texas December 28-30, 1975 (May, 1976), pp. 551-571

Jeffrey F. Jaffe, Gershon Mandelker, The "Fisher Effect" for Risky Assets: An Empirical Investigation, The Journal of Finance, Vol. 31, No. 2, Papers and Proceedings of the Thirty-Fourth Annual Meeting of the American Finance Association Dallas, Texas December 28-30, 1975 (May, 1976), pp. 447-458

Now in its fifth printing, this volume is a combined version of Milton Friedman's A Theoretical Framework for Monetary Analysis and A Monetary Theory of Nominal Income, two essays originally published in the Journal of Political Economy. Included are critical reviews by noted monetary theorists Karl Brunner and Allan Meltzer, James Tobin, Paul Davidson, and Don Patinkin, and Friedman's response to them....Presenting Friedman's statement -- important as a commentary on the history of economic thought and as a theoretical contribution in its own right -- alongside the views of his critics, this book offers enduring value for scholars and students alike.