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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)
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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.

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    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
    Preface
    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.

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    The Role of Measurement in Economics

    Richard Stone

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  • Author

    Richard Stone

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