Aggregation Problem in Demand Analysis, 1930S-1950S
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
A Study of Paul A. Samuelson's Economics
Copyright is owned by the Author of the thesis. Permission is given for a copy to be downloaded by an individual for the purpose of research and private study only. The thesis may not be reproduced elsewhere without the permission of the Author. A Study of Paul A. Samuelson's Econol11ics: Making Economics Accessible to Students A thesis presented in partial fulfilment of the requirements for the degree of Doctor of Philosophy in Economics at Massey University Palmerston North, New Zealand. Leanne Marie Smith July 2000 Abstract Paul A. Samuelson is the founder of the modem introductory economics textbook. His textbook Economics has become a classic, and the yardstick of introductory economics textbooks. What is said to distinguish economics from the other social sciences is the development of a textbook tradition. The textbook presents the fundamental paradigms of the discipline, these gradually evolve over time as puzzles emerge, and solutions are found or suggested. The textbook is central to the dissemination of the principles of a discipline. Economics has, and does contribute to the education of students, and advances economic literacy and understanding in society. It provided a common economic language for students. Systematic analysis and research into introductory textbooks is relatively recent. The contribution that textbooks play in portraying a discipline and its evolution has been undervalued and under-researched. Specifically, applying bibliographical and textual analysis to textbook writing in economics, examining a single introductory economics textbook and its successive editions through time is new. When it is considered that an economics textbook is more than a disseminator of information, but a physical object with specific content, presented in a particular way, it changes the way a researcher looks at that textbook. -
Complementarity and Demand Theory: from the 1920S to the 1940S Jean-Sébastien Lenfant
Complementarity and Demand Theory: From the 1920s to the 1940s Jean-Sébastien Lenfant To cite this version: Jean-Sébastien Lenfant. Complementarity and Demand Theory: From the 1920s to the 1940s. History of Political Economy, Duke University Press, 2006, 38 (Suppl 1), pp.48 - 85. 10.1215/00182702-2005- 017. hal-01771852 HAL Id: hal-01771852 https://hal.archives-ouvertes.fr/hal-01771852 Submitted on 19 Apr 2018 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. Complementarity and Demand Theory: From the 1920s to the 1940s Jean-Sébastien Lenfant The history of consumer demand is often presented as the history of the transformation of the simple Marshallian device into a powerful Hick- sian representation of demand. Once upon a time, it is said, the Marshal- lian “law of demand” encountered the principle of ordinalism and was progressively transformed by it into a beautiful theory of demand with all the attributes of modern science. The story may be recounted in many different ways, introducing small variants and a comparative complex- ity. And in a sense that story would certainly capture much of what hap- pened. But a scholar may also have legitimate reservations about it, because it takes for granted that all the protagonists agreed on the mean- ing of such a thing as ordinalism—and accordingly that they shared the same view as to what demand theory should be. -
Econometrics
BIBLIOGRAPHY ISSUE 28, OCTOBER-NOVEMBER 2013 Econometrics http://library.bankofgreece.gr http://library.bankofgreece.gr Tables of contents Introduction...................................................................................................................2 I. Print collection of the Library...........................................................................................3 I.1 Monographs .................................................................................................................3 I.2 Periodicals.................................................................................................................. 33 II. Electronic collection of the Library ................................................................................ 35 II.1 Full text articles ..................................................................................................... 35 IΙI. Resources from the World Wide Web ......................................................................... 59 IV. List of topics published in previous issues of the Bibliography........................................ 61 Image cover: It has created through the website http://www.wordle.net All the issues are available at the internet: http://www.bankofgreece.gr/Pages/el/Bank/Library/news.aspx Bank of Greece / Centre for Culture, Research and Documentation / Library Unit / 21 El. Venizelos, 102 50 Athens / [email protected]/ Tel. 210 320 2446, 2522 / Bibliography: bimonthly electronic edition, Issue 28, September- October 2013 Contributors: -
Indian Statistical Institute
CHAPTER VII INDIAN STATISTICAL INSTITUTE 7.1 The Indian Statistical Institute (ISI) came into being with the pioneering initiative and efforts of Professor P.C. Mahalanobis in early thirties (registered on 28 April, 1932). The Institute expanded its research, teaching, training and project activities and got national/international recognitions. The Institute was recognized as an “Institute of National Importance” by an Act of Parliament, known as “Indian Statistical Institute Act No.57 of 1959”. Significantly, Pandit Jawaharlal Nehru, the then Prime Minister piloted the bill in the Parliament in 1959. This Act conferred the right to hold examinations and award degrees/diplomas in Statistics. Degree courses viz. Bachelor of Statistics (B.Stat.), Master of Statistics (M.Stat.) and post graduate diplomas in SQC & OR and Computer Science were started from June 1960. The Institute was also empowered to award Ph.D./D.Sc. degree from the same year. Subsequently, Master of Technology courses in Computer Science and in Quality, Reliability & Operations Research were also started. The Institute’s scope was further enlarged to award degrees/diplomas in Statistics, Mathematics, Quantitative Economics, Computer Science and such other subjects related to Statistics by virtue of “Indian Statistical Institute (Amendment) Act, 1995. The Institute took up research activities not only in Statistics/Mathematics but also in Natural and Social Sciences, Physics and Earth Sciences, Biological Sciences, Statistical Quality Control & Operations Research and Library and Information Sciences. 7.2 Sankhya – The Indian Journal of Statistics, being published by the Institute since 1933, is considered as one of the leading Statistical Journals of the world. -
Correspondence Slutskii-Frisch, 1925-1936 Transcribed by Mag
Correspondence Slutskii-Frisch, 1925-1936 Transcribed by Mag. Guido Rauscher (Vienna), May 2005 The (incomplete) collection of the correspondence between Ragnar Frisch (1895-1973) and Evgenii Evgenievich Slutskii (1880-1948) consists of 24 items, 11 letters from Slutskii, including the copy of a letter to George Udny Yule (1871-1951) and 13 letters from Frisch. It is deposited at the Department of Manuscripts (Håndskriftsamlingen) of The National Library of Norway (Nasjonalbiblioteket), Oslo. The help of Prof. Olav Bjerkholt, Oslo, in getting access to these materials is gratefully acknowledged. Insertions of the transcriber are enclosed in square brackets. Letter No.1 EES-RF [handwritten] 25.II.1925 Kiev, Nesterovskaja 17/8 Högädle herre! Edert särtryck ur Skandinavisk Aktuarietidskrift (Solution d'un problème du calcul des probabilités) har jag haft nöjet att emottaga vek är jag mycket tacksam för det sändningen. Högaktningsfullt E. Slutski [EES acknowledges receipt of the off-print of the paper Solution d'un problème du calcul des probabilités from Skandinavisk Aktuarietidskrift, Vol 7, 1924., pp.153 - 174 and thanks RF for the consignment.] Letter No.2 EES-RF [handwritten] 26.VI.1926 Sehr geehrter Herr Kollege! Wegen meiner Uebersiedelung aus Kiew nach Moskau ist ihr freundlicher Brief vom 24. April nur heute zu mir angekommen. Für Ihr liebenswürdiges Anerbieten mir ein Exemplar Ihrer Arbeit „Sur un problème d'économie pure“ zugehen zu lassen danke ich Ihnen bestens und sehe dieser Zusendung mit hochgespannten Interesse entgegen. Im Jahre 1915 ist in Giornale degle Economisti meine Arbeit “Sulla teoria del bilancio del consumatore” erschienen, wo ein Versuch gemacht wurde die Gleichgewichtsbedingungen der einzelnen Wirtschaft mit grösserer Strenge, als es bisher geschah, zu ergründen. -
Strength in Numbers: the Rising of Academic Statistics Departments In
Agresti · Meng Agresti Eds. Alan Agresti · Xiao-Li Meng Editors Strength in Numbers: The Rising of Academic Statistics DepartmentsStatistics in the U.S. Rising of Academic The in Numbers: Strength Statistics Departments in the U.S. Strength in Numbers: The Rising of Academic Statistics Departments in the U.S. Alan Agresti • Xiao-Li Meng Editors Strength in Numbers: The Rising of Academic Statistics Departments in the U.S. 123 Editors Alan Agresti Xiao-Li Meng Department of Statistics Department of Statistics University of Florida Harvard University Gainesville, FL Cambridge, MA USA USA ISBN 978-1-4614-3648-5 ISBN 978-1-4614-3649-2 (eBook) DOI 10.1007/978-1-4614-3649-2 Springer New York Heidelberg Dordrecht London Library of Congress Control Number: 2012942702 Ó Springer Science+Business Media New York 2013 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. -
An Approach to Reconciling Competing Ethical Principles in Aggregating Heterogeneous Health Preferences
ORIGINAL ARTICLE An Approach to Reconciling Competing Ethical Principles in Aggregating Heterogeneous Health Preferences Barry Dewitt, MSc, Alexander Davis, PhD, Baruch Fischhoff, PhD, Janel Hanmer, MD, PhD Background. Health-related quality of life (HRQL) scores that rely on HRQL scores, such as cost-effectiveness analy- are used extensively to quantify the effectiveness of medical ses. We propose an analytical-deliberative framework for interventions. Societal preference-based HRQL scores aim to choosing one (or a set of) aggregation procedure(s) in a produce societal valuations of health by aggregating valua- socially credible way, which we believe to be analytically tions from individuals in the general population, where sound and empirically tractable, but leave open the institu- each aggregation procedure embodies different ethical prin- tional mechanism needed to implement it. Conclusions. ciples, as explained in social choice theory. Methods. Using Socially acceptable decisions about aggregating heteroge- the Health Utilities Index as an exemplar, we evaluate soci- neous preferences require eliciting stakeholders’ preferences etal preference-based HRQL measures in the social choice among the set of analytically sound procedures, represent- theory framework. Results. We find that current preference ing different ethical principles. We describe a framework for aggregation procedures are typically justified in terms of eliciting such preferences for the creation of HRQL scores, social choice theory. However, by convention, they use only informed by social choice theory and behavioral decision one of many possible aggregation procedures (the mean). research. Key words: health state preferences; health- Central to the choice of aggregation procedure is how to related quality of life; health utility; equity; cost-effectiveness treat preference heterogeneity, which can affect analyses analysis. -
Laws of Wages
LAWS OF WAGES AN ESSAY IN STATISTICAL ECONONICS By Henry Ludwell Moore Economic Cycles Their Law & Cause [1914] Forecasting The Yield & The Price Of Cotton [1917] Generating Economic Cycles [1923] HENRY LUDWELL MOORE Synthetic Economics [I9291 PROFESSOR OF POLITICAL ECONOMY IN COLUMBIA UNIVERSITY 6c I1 progress0 dell' Economia politica dipenderh pel futuro in gran parte dalla ricerca di leggi em- piriche, ricavate dalla statistica, e che si parago- neranno poi colle leggi teoriche note, o che ne faranno conoscere di nuove." PARETO. New Pork: The Mecmillan Company, 1911 TO JOHN BATES CLARK IN ADMIRATION AND AFFECTION I DEDICATE THIS ESSAY CONTENTS PAGE Introduction . 1 CHAPTER I STATISTICAL LAWS A Scatter Diagram . 11 Definition of Terms . 15 Characteristics of Statistical Laws . , . 21 CHAPTER I1 WAGES, MEANS OF SUBSISTENCE, AND THE STANDARD OF LIFE Description of Data . 26 Wages and the Means of Subsistence . 29 Wages and the Standard of Life . 33 Wages of Skilled and of Unskilled Laborers . 39 CHAPTER I11 WAGES AND THE PRODUCTIVITY OF LABOR Description of Data . 45 Fluctuations in the Rate of Wages and in the Value of the Product . , . 46 Fluctuations in the Laborer's Relative Share of the Product and in the Ratio of Capital to Labor . 55 The General Trend of Wages . 61 vii Contents CHAPTER IV WAGES AND ABILITY PAGE An Hypothesis as to the Distribution of Ability. 74 Grounds for the Hypothesis . 76 The Expression of the Gaussian Law in a Form that will facili- tate the Testing of the Differential Theory of Wages . 78 The Standard Population . , . 82 The Application of the Theory of the Standard Population . -
Ill'iin-Athtlffit
~ 13- 1\\:... #H~~~~l!I!ll!fIj~'H_ ~ ... fg~,He~~ 1&':... .m&lJfM~~l!I!llfitjm~ ffi ~~--~m~~m~Zmffl ~ Mi~ ~~~~~~~'m~~~~~~~~,~~~~~u~~~~a~m~o ~.m~~~~~~m~7-~*a$W~m~~~&lJ~~~~,~ft,~m~ ~~%~~~~,~~~~m~~~~*~~~~~~~~~~~~o .u~jrH}~~.l'Ia*~, ~:m:~~~ (quantitative analysis) ~1tB9~ ~ (qualitative analysis), ~jJti;J::, f&~B~RJ(;/l'1iT~JI'M, .§.~,~m~~ G?~~~~~B9~~~*om~~~~~ttm~~~m~Z~*~~~,~~ ~*fB9;/J~, ~~~f!U1twr~1:.t~, tt~tAm~z~*IUlf»\fF-~ifl.1IHliWltii\iB9 llUJ~, ~1iT1!f~:ttl2, ~jfU~~~z~~:iJJ'MfJ;'l,~j-jil:}jti;f.l±,ill'iiN-AtHtlffit }j7*~eeBti~~Mi~, ~Th14tEl!I!~J::~jn*J::~ii~JiU1lt~~J(HI9rt~m:(f,-l:-) tEl.!f1.fif;jjJE3] : ( I) ~Zilii'ltlB~~~Mi~lf{JWii'frB~l.!f1.~i1~C'Jej~~-~f~J~i1'tirm~)o ( II) ~z:tE7f'1<-~t1 (uncertainty) rA9:fTf.l3I:!!lilill 0 ( lIT) ~z~'it1iIIJI tlt:tttJ,:& IJm ~ [Z5l ~tE7f' r~~Wj'jH'fi! ~HUt ftl:\ l?;i ~~JJJ &: ~J'J9fF~IM:rif.J 0 (IV) ~zill!J7E'Bt~~~iHJ9IM~Th;o ~.~",'w!jJm: *m.llrj:t~):~ i1J~f!;r~mJt!*ii1Ij ~x~ [2-: ~~ Nerlove Marc and Kenneth L. Bachman, The Analysis of Chan ges in Agricultural Supply: Problems and Approaches, Journal of Farm Economics, Vol. 42. August 1960. ( 1 ) -14 - (I) ~z)jrmm~:ttt4o (rr)~~~~~m~~~~~~.~o (m)&~~~~~~~~ft~~ft~~~~~r~u~~~~~~~~~ ~~ ~!!ilJag1if~0 (N) ikz.~fi)(Am~ft~)JJ~o (V)~~~~~~~.~~~~~~o ~£fJt:tf;~~:ll!-:fItbtm(j~7}trr,&:,~iJJ;::&:~Jj~rfJ'j«:7~~, '8:Jl:t\iIit~Jtt :fr$J;t3~~~:tm{t!m, .I&~~~iltI:1tff(m*iR5:E~~*€ta<]~:Ji~j:if£l't~~:Ji0 tm ~mtrr ill{iIN !b~ft@, ft7\:;,JZ, ~1}~ ift{,t1;tfij~'t~Z3mMf'J*:Nf, ~WMM{1~3m~fr!j mA, ~~ ~ ?~~~{:Jt:tfrm~l&.m1i~·1(~ rFl~mI~Tfl~J: 0 :tmJ:m~,~tf;~~~~~~o~~:tmw*~5:E~m~~m~~tf;~~,~ mnx:TilJ1l!Wt:~ (dynamic supply) B9~~fll:1mo ~~;M~1fiIltl~7Jm-m"fm ~~~~;M~~Iltl~tB7I-m(envelope), fi'jj~;M~~f!:!l~~IIH~~;JVJ~~Iltl~~l'B ~~~MtBMm (different interval of time) ll!\tb ~~&1t¥-l'B~;M~ ~~~~m~~~~~~~~,~;M~~~~~M~~~~~nA~~~~~~ ~ ra':bt ITfi 5:E 0 Ut-) frill ffl J;}. -
Coase Theorem” Asserts That in the Absence of Transaction Costs, Parties to an Externality Will Bargain to an Efficient Outcome
Abstract The \Coase theorem" asserts that in the absence of transaction costs, parties to an externality will bargain to an efficient outcome. It also claims that the resulting level of externality-generating is inde- pendent of initial assignment of rights. It is well-known that Coase's second claim is true if utility is quasi-linear so that the valuation of externalities does not depend on wealth. This paper finds a class of preferences for which Coase's second claim is true when there are wealth effects. It presents a necessary and sufficient condition for Coase's second claim and discusses applications of this result. 1 When Was Coase Right? Ted Bergstrom∗ Economics Department, University of California Santa Barbara [email protected] June 21, 2017 ∗This paper is dedicated to the memory of Richard Cornes and Leo Hurwicz, with whom it was my privilege to share thoughts and puzzlements about this topic. I am grateful to Di Wang of UCSB for useful discussions and for steering me to the Chipman-Tian paper, and also to Guoqiang Tian for helpful discussions. 1 Ronald Coase [7] argued that the amount of damage that one party causes to another typically depends on the actions of both parties. Coase maintained that, regardless of the way that the law assigns liability, if the perpetrator and recipient are able to bargain freely, they are likely to reach an efficient outcome. Coase's paper consists of a series of examples and insightful discussions. He made no claims of a formal theorem based on explicit assumptions. The term \Coase Theorem" seems to originate with George Stigler, who explained Coase's ideas in his textbook The Theory of Price [13], pp 110-114. -
Curriculum Vitae
Angus Deaton, CV, June 2018, Page - 1 - CURRICULUM VITAE Name: Sir Angus Stewart Deaton Date and Place of Birth: 19th October 1945 in Edinburgh, U.K. Nationality: British Children: 2 children, born 1970, 1971. Degrees: B.A. 1967, M.A. 1971, Ph.D. 1974 (Cambridge) Present Positions: Senior Scholar, Woodrow Wilson School, Princeton University Dwight D Eisenhower Professor of Economics and International Affairs, Emeritus Presidential Professor of Economics, University of Southern California Senior Scientist, Gallup Organization Research Associate, National Bureau of Economic Research E-mail: [email protected] Chronology of Education and Appointments 1959-64 Foundation Scholar, Fettes College, Edinburgh. 1964 Exhibition in Mathematics, Fitzwilliam College, Cambridge. 1964-67 Fitzwilliam College, Cambridge, Mathematics, Parts 1a and 1b, and Economics, Part 2. 1967-68 Economic Intelligence Department, Bank of England. 1969 Junior Research Officer, Department of Applied Economics, Cambridge. 1972 Fellow and Director of Studies in Economics, Fitzwilliam College and Research Officer, Department of Applied Economics. 1976-83 Professor of Econometrics, University of Bristol. 1979-80 Visiting Professor, Princeton University. 1983- Dwight D. Eisenhower Professor of International Affairs, and Professor of Economics 2016 and International Affairs, Woodrow Wilson School and Department of Economics 1990-91 Overseas Fellow, Churchill College, Cambridge. Honors and Awards, Invited Lectures, most recent first 2017 Franklin Founder Award, joint with Anne -
Letter in Le Monde
Letter in Le Monde Some of us ‐ laureates of the Nobel Prize in economics ‐ have been cited by French presidential candidates, most notably by Marine le Pen and her staff, in support of their presidential program with regards to Europe. This letter’s signatories hold a variety of views on complex issues such as monetary unions and stimulus spending. But they converge on condemning such manipulation of economic thinking in the French presidential campaign. 1) The European construction is central not only to peace on the continent, but also to the member states’ economic progress and political power in the global environment. 2) The developments proposed in the Europhobe platforms not only would destabilize France, but also would undermine cooperation among European countries, which plays a key role in ensuring economic and political stability in Europe. 3) Isolationism, protectionism, and beggar‐thy‐neighbor policies are dangerous ways of trying to restore growth. They call for retaliatory measures and trade wars. In the end, they will be bad both for France and for its trading partners. 4) When they are well integrated into the labor force, migrants can constitute an economic opportunity for the host country. Around the world, some of the countries that have been most successful economically have been built with migrants. 5) There is a huge difference between choosing not to join the euro in the first place and leaving it once in. 6) There needs to be a renewed commitment to social justice, maintaining and extending equality and social protection, consistent with France’s longstanding values of liberty, equality, and fraternity.