Skip to content
Register Sign in Wishlist
Look Inside The Role of Measurement in Economics

The Role of Measurement in Economics

$30.99 (C)

  • Date Published: October 2013
  • availability: Available
  • format: Paperback
  • isbn: 9781107673861

$ 30.99 (C)

Add to cart Add to wishlist

Looking for an examination copy?

If you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact providing details of the course you are teaching.

Product filter button
About the Authors
  • First published in 1951, and originally delivered as the Newmarch Lectures for 1948–9, this book examines the role of measurement in obtaining and applying economic knowledge. Esteemed economist Richard Stone, who went on to win the Nobel Prize in Economics, divides his topic into four sections: questions of fact and empirical constructs; the truth or falsity of a hypothesis; the estimation of parameters; and questions of prediction. This book will be of value to anyone with an interest in economics and the development of the discipline.

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: October 2013
    • format: Paperback
    • isbn: 9781107673861
    • length: 94 pages
    • dimensions: 244 x 170 x 5 mm
    • weight: 0.17kg
    • availability: Available
  • Table of Contents

    List of tables
    List of diagrams
    Part I. Introduction:
    1. Newmarch and the progress of statistical inquiry
    2. Economics and measurement
    3. Four types of question in economics
    Part II. Four Aspects of the Problem of Measurement:
    4. Facts and empirical constructs
    5. Deductively formulated theories and their verification
    6. Postulates for the theory of choice
    7. The estimation of parameters
    8. The nature of prediction
    9. A simple model
    10. The development of a linear model over time
    11. Prediction and economic policy
    12. Practical objections to exact models
    13. Prediction from static models
    Part III. Some Illustrations of the Problems of Measurement:
    14. Social Accounting
    15. The three forms of economic activity
    16. Transactions in the British economy in 1948: an example
    17. The derivation of the example from published sources
    18. The structure of transactions and some important national aggregates
    19. The group structure of transactions
    20. Systems of transactions from the viewpoint of accountancy
    21. Statistical design in social accounting
    22. Market demand from the viewpoint of economic theory
    23. Other influences to be taken into account
    24. The formulation of market demand relationships
    25. Statistical problems
    26. Demand analyses for the United Kingdom
    27. Demand analyses for the United States of America
    28. The sources used in the American analyses
    29. Concluding remarks.

  • Resources for

    The Role of Measurement in Economics

    Richard Stone

    General Resources

    Find resources associated with this title

    Type Name Unlocked * Format Size

    Showing of

    Back to top

    This title is supported by one or more locked resources. Access to locked resources is granted exclusively by Cambridge University Press to instructors whose faculty status has been verified. To gain access to locked resources, instructors should sign in to or register for a Cambridge user account.

    Please use locked resources responsibly and exercise your professional discretion when choosing how you share these materials with your students. Other instructors may wish to use locked resources for assessment purposes and their usefulness is undermined when the source files (for example, solution manuals or test banks) are shared online or via social networks.

    Supplementary resources are subject to copyright. Instructors are permitted to view, print or download these resources for use in their teaching, but may not change them or use them for commercial gain.

    If you are having problems accessing these resources please contact

  • Author

    Richard Stone

Sign In

Please sign in to access your account


Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.


Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.