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Hidden Figures

A New History of the Permanent Income Hypothesis

Bibliographic Data

ID4298516
AuthorsJennifer Burns (0000-0001-5112-4052, [email protected], corresponding author)
Year2022
Volume54
IssueS1
Pages43-68
Publication date2022-12-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueHistory of Political Economy (JOURNAL)
Journal identifiersISSN: 0018-2702 • E-ISSN: 1527-1919
PublisherDuke University Press (PUBLISHER • US)
DOI10.1215/00182702-10085615
OpenAlexW4291010585
LanguageEN
Citations received5
References cited20

This article uses archival sources to reconstruct an alternate history of Milton Friedman's A Theory of the Consumption Function, spotlighting the contributions of his collaborators Margaret Reid, Dorothy Brady, and Rose Friedman. Although Milton Friedman offered public credit to his wife and their two close friends, none received formal recognition or reward for their contribution to the permanent income hypothesis. The article documents this hypothesis as an example in professional economics of the well-known "Matilda effect," in which women's intellectual contributions are systemically devalued, while arguing it is important to distinguish between formal and informal credit. Further, the article connects the lower status of women's consumption economics to broader shifts in the economics discipline across the twentieth century

Adam smith · Consumption (sociology · Consumption function · Economics · Function (biology · Keynesian economics · Microeconomics · Neoclassical economics · Permanent income hypothesis · Political science · Positive economics · Production (economics · Social science · Sociology · Wife · Economic Theory and Institutions · Gender, Labor, and Family Dynamics · Historical Economic and Social Studies · Law

  • Retrospectives

    Open Access•Jennifer Burns•The Journal of Economic…•2024

  • At the origins of the life cycle hypothesis of Franco Modigliani and Richard Brumberg

    Alice Martini, Luca Spataro•European Journal of the History…•2024

  • Pipelines or Pyramids

    Open Access•Ondine Berland, Oliver Harman et al.•SSRN Electronic Journal•2024

  • Recovering history

    Open Access•Darwyyn Deyo•European Journal of Political…•2025

  • Economics Is Not a Man's Field

    Cléo Chassonnery-Zaïgouche, Béatrice Cherrier et al.•History of Political Economy•2025

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    Shoshana Grossbard-Shechtman, Shoshana Grossbard•Feminist Economics•2001

  • Margaret Gilpin Reid

    Evelyn L Forget, Evelyn Forget•Feminist Economics•1996

  • Margaret G. Reid

    Yun-Ae Yi•Feminist Economics•1996

  • The Matthew Matilda Effect in Science

    Open Access•Margaret W Rossiter•Social Studies of Science•1993

  • Free to Choose

    Meghnad Desai•International Affairs•1980

  • Dorothy Stahl Brady, 1903–1977

    Open Access•Richard A Easterlin•The Journal of Economic History•1978

  • Market Visions

    Thomas A Stapleford•Journal of American History•2007

  • Studies in Income and Wealth

    T Barna, Simon Kuznets•Economica•1946

  • Getting and Spending at the Professional Standard of Living

    Felix Flugel, Jessica B Peixotto•The Economic Journal•1928

  • Social Economists and Reform

    Mary E Cookingham•History of Political Economy•1987

Unique citing works5
Citations per year2,5
Citation span2024 - 2025 (2)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 4

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