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Fishers Instrumental Approach To Index Numbers
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Book Synopsis How Economists Model the World into Numbers by : Marcel Boumans
Download or read book How Economists Model the World into Numbers written by Marcel Boumans and published by Routledge. This book was released on 2004-12-17 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics is dominated by model building, therefore a comprehension of how such models work is vital to understanding the discipline. This book provides a critical analysis of the economist's favourite tool, and as such will be an enlightening read for some, and an intriguing one for others.
Book Synopsis Price and Quantity Index Numbers by : Bert M. Balk
Download or read book Price and Quantity Index Numbers written by Bert M. Balk and published by Cambridge University Press. This book was released on 2012-07-19 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first comprehensive text on index number theory since Irving Fisher's 1922 The Making of Index Numbers. The book covers intertemporal and interspatial comparisons; ratio- and difference-type measures; discrete and continuous time environments; and upper- and lower-level indices. Guided by economic insights, this book develops the instrumental or axiomatic approach.
Download or read book Irving Fisher written by Robert W. Dimand and published by Springer. This book was released on 2019-03-29 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Acclaimed by Joseph Schumpeter as ‘The greatest economist the United States has ever produced’, this book examines the life and work of American economist and statistician Irving Fisher (1867–1947). Fisher’s reputation suffered for decades after his incorrect predictions for the stock market in October 1929 and the impact of Keynesian macroeconomics, but the importance of his work came to be recognized through the advocacy of many prestigious scholars including Milton Friedman, Hyman Minsky and James Tobin. With pivotal contributions including his Debt-Deflation Theory, Fisher Diagram and Ideal Index Number, his research in neoclassical economics influenced policymaking in his own day as well as during the recent financial crisis. This volume will be of interest to all those interested in the twentieth century transformation of economics.
Book Synopsis Theoretical and Practical Reason in Economics by : Ricardo F. Crespo
Download or read book Theoretical and Practical Reason in Economics written by Ricardo F. Crespo and published by Springer Science & Business Media. This book was released on 2013 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues for the restoration of theoretical and practical reason to economics, presenting the ideas of Nancy Cartwright and Amartya Sen, and showing they can foster a useful understanding of practical reason for solving problems in science and society.
Book Synopsis The Cost of Living in America, 1800-1980 by : John A. Garraty
Download or read book The Cost of Living in America, 1800-1980 written by John A. Garraty and published by Cambridge University Press. This book was released on 1981 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prices constantly move up and down in response to changes in the supply of and demand for goods. But they are also affected by the amount of money and credit that consumers can command.
Book Synopsis The Nature and Method of Economic Sciences by : Ricardo F. Crespo
Download or read book The Nature and Method of Economic Sciences written by Ricardo F. Crespo and published by Routledge. This book was released on 2020-03-04 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nature and Method of Economic Sciences: Evidence, Causality, and Ends argues that economic phenomena can be examined from five analytical levels: a statistical descriptive approach, a causal explanatory approach, a teleological explicative approach, a normative approach and, finally, the level of application. The above viewpoints are undertaken by different but related economic sciences, including statistics and economic history, positive economics, normative economics, and the ‘art of political economy’. Typically, positive economics has analysed economic phenomena using the second approach, causally explaining and often trying to predict the future evolution of the economy. It has not been concerned with the ends selected by the individual or society, taking them as given. However, various new economic currents have emerged during the last 40 years, and some of these do assign a fundamental role to ends within economics. This book argues that the field of positive economics should adapt to deal with the issues that arise from this. The text attempts to discern the nature of economic phenomena, introducing the different approaches and corresponding economic sciences. It goes on to analyse the epistemological characteristics of these in the subsequent chapters, as well as their disciplinary interrelations. This book is a valuable resource for students and scholars of the social sciences, philosophy, and the philosophy of economics. It will also be of interest to those researching political economy and the development of economic thought.
Download or read book W.S. Jevons written by Sandra Peart and published by Taylor & Francis. This book was released on 2003 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Data Journeys in the Sciences by : Sabina Leonelli
Download or read book Data Journeys in the Sciences written by Sabina Leonelli and published by Springer Nature. This book was released on 2020-06-29 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: This groundbreaking, open access volume analyses and compares data practices across several fields through the analysis of specific cases of data journeys. It brings together leading scholars in the philosophy, history and social studies of science to achieve two goals: tracking the travel of data across different spaces, times and domains of research practice; and documenting how such journeys affect the use of data as evidence and the knowledge being produced. The volume captures the opportunities, challenges and concerns involved in making data move from the sites in which they are originally produced to sites where they can be integrated with other data, analysed and re-used for a variety of purposes. The in-depth study of data journeys provides the necessary ground to examine disciplinary, geographical and historical differences and similarities in data management, processing and interpretation, thus identifying the key conditions of possibility for the widespread data sharing associated with Big and Open Data. The chapters are ordered in sections that broadly correspond to different stages of the journeys of data, from their generation to the legitimisation of their use for specific purposes. Additionally, the preface to the volume provides a variety of alternative “roadmaps” aimed to serve the different interests and entry points of readers; and the introduction provides a substantive overview of what data journeys can teach about the methods and epistemology of research.
Book Synopsis The World in the Model by : Mary S. Morgan
Download or read book The World in the Model written by Mary S. Morgan and published by Cambridge University Press. This book was released on 2012-09-17 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last two centuries, the way economic science is done has changed radically: it has become a social science based on mathematical models in place of words. This book describes and analyses that change - both historically and philosophically - using a series of case studies to illuminate the nature and the implications of these changes. It is not a technical book; it is written for the intelligent person who wants to understand how economics works from the inside out. This book will be of interest to economists and science studies scholars (historians, sociologists and philosophers of science). But it also aims at a wider readership in the public intellectual sphere, building on the current interest in all things economic and on the recent failure of the so-called economic model, which has shaped our beliefs and the world we live in.
Book Synopsis Error in Economics by : Julian Reiss
Download or read book Error in Economics written by Julian Reiss and published by Routledge. This book was released on 2016-02-04 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the correct concept behind measures of inflation? Does money cause business activity or is it the other way around? Shall we stimulate growth by raising aggregate demand or rather by lowering taxes and thereby providing incentives to produce? Policy-relevant questions such as these are of immediate and obvious importance to the welfare of societies. The standard approach in dealing with them is to build a model, based on economic theory, answer the question for the model world and then apply the results to economic phenomena outside. Data come in, if at all, only in testing a limited number of the model's consequences. Despite some critical voices, economic methodology too has by and large subscribed to a "theory first" approach to applied economics. Error in Economics systematically develops an alternative to the theory-based orthodoxy. It places the methodical study of evidence at the centre of the scientific enterprise and thus provides a foundation for a methodology of evidence-based economics. But the book does not stop at the truism that claims should be based on the best available evidence. Rather, detailed studies in the areas of measurement, causal inference and policy analysis show what it means for a claim to be evidence-based in the context of a concrete case. The examples discussed concern topics as diverse as consumer price indices, radio spectrum auctions, the transmission mechanism, natural experiments on minimum wages and the evaluation of counterfactuals for policy. Error in Economics is essential reading for economic methodologists, philosophers of science and anyone interested in how claims about socio-economic matters are validated.
Book Synopsis The making of index numbers by : Irving Fisher
Download or read book The making of index numbers written by Irving Fisher and published by . This book was released on 1927 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Facts, Values and Objectivity in Economics by : José Castro Caldas
Download or read book Facts, Values and Objectivity in Economics written by José Castro Caldas and published by Routledge. This book was released on 2012-03-22 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is Economics an ‘objective’ or ‘positive’ science, independent of ethical and political positions? The financial crisis that began in 2007 gave rise to renewed doubts regarding the ‘objectivity’ of economics and brought into the public arena a debate that was previously confined to academia. A remarkable feature of the public debate on the value neutrality of economics since then was that it not only involved indictments of ideological biases in economic theory, but also the attribution of the crisis itself to the unethical orientation of economic agents, of economists acting as experts and of ‘economic science’ itself. The contributors to this volume believe that economists of all persuasions are once again compelled to probe the normative foundations of their discipline and give a public account of their doubts and conclusions.
Download or read book Models written by Soraya de Chadarevian and published by Stanford University Press. This book was released on 2004 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now that '3-D models’ are so often digital displays on flat screens, it is timely to look back at the solid models that were once the third dimension of science. This book is about wooden ships and plastic molecules, wax bodies and a perspex economy, monuments in cork and mathematics in plaster, casts of diseases, habitat dioramas, and extinct monsters rebuilt in bricks and mortar. These remarkable artefacts were fixtures of laboratories and lecture halls, studios and workshops, dockyards and museums. Considering such objects together for the first time, this interdisciplinary volume demonstrates how, in research as well as in teaching, 3-D models played major roles in making knowledge. Accessible and original chapters by leading scholars highlight the special properties of models, explore the interplay between representation in two dimensions and three, and investigate the shift to modelling with computers. The book is fascinating reading for anyone interested in the sciences, medicine, and technology, and in collections and museums.
Book Synopsis Including a Symposium on Mary Morgan by : Luca Fiorito
Download or read book Including a Symposium on Mary Morgan written by Luca Fiorito and published by Emerald Group Publishing. This book was released on 2018-10-24 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 36B of Research in the History of Economic Thought and Methodology features a symposium reflecting on the significance of Mary Morgan's contributions to the history and philosophy of economics.
Book Synopsis A History of Econometrics in France by : Philippe Le Gall
Download or read book A History of Econometrics in France written by Philippe Le Gall and published by Routledge. This book was released on 2007-03-22 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fascinating and authoritative, this work, challenges the traditional view of the history of econometrics and offers a comprehensive overview of what went on to be one of the defining subsets within the economics profession.
Book Synopsis The Works of Irving Fisher Vol 7 by : William J Barber
Download or read book The Works of Irving Fisher Vol 7 written by William J Barber and published by Taylor & Francis. This book was released on 2024-10-28 with total page 643 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.
Book Synopsis Price Index Concepts and Measurement by : W. Erwin Diewert
Download or read book Price Index Concepts and Measurement written by W. Erwin Diewert and published by University of Chicago Press. This book was released on 2010-02-15 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.
