{"product_id":"the-role-of-measurement-in-economics-paperback-9781107673861","title":"The Role of Measurement in Economics (Paperback \/ softback) 9781107673861","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Role of Measurement in Economics\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eFirst published in 1951, this book examines the role of measurement in obtaining and applying economic knowledge.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eRichard Stone (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781107673861, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 10 October 2013\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e94 pages\u003cbr\u003e24.4 x 17 x 0.5 cm, 0.17 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eFirst 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eList of tables\u003cbr\u003e List of diagrams\u003cbr\u003e Preface\u003cbr\u003e Part I. Introduction: 1. Newmarch and the progress of statistical inquiry\u003cbr\u003e 2. Economics and measurement\u003cbr\u003e 3. Four types of question in economics\u003cbr\u003e Part II. Four Aspects of the Problem of Measurement: 4. Facts and empirical constructs\u003cbr\u003e 5. Deductively formulated theories and their verification\u003cbr\u003e 6. Postulates for the theory of choice\u003cbr\u003e 7. The estimation of parameters\u003cbr\u003e 8. The nature of prediction\u003cbr\u003e 9. A simple model\u003cbr\u003e 10. The development of a linear model over time\u003cbr\u003e 11. Prediction and economic policy\u003cbr\u003e 12. Practical objections to exact models\u003cbr\u003e 13. Prediction from static models\u003cbr\u003e Part III. Some Illustrations of the Problems of Measurement: 14. Social Accounting\u003cbr\u003e 15. The three forms of economic activity\u003cbr\u003e 16. Transactions in the British economy in 1948: an example\u003cbr\u003e 17. The derivation of the example from published sources\u003cbr\u003e 18. The structure of transactions and some important national aggregates\u003cbr\u003e 19. The group structure of transactions\u003cbr\u003e 20. Systems of transactions from the viewpoint of accountancy\u003cbr\u003e 21. Statistical design in social accounting\u003cbr\u003e 22. Market demand from the viewpoint of economic theory\u003cbr\u003e 23. Other influences to be taken into account\u003cbr\u003e 24. The formulation of market demand relationships\u003cbr\u003e 25. Statistical problems\u003cbr\u003e 26. Demand analyses for the United Kingdom\u003cbr\u003e 27. Demand analyses for the United States of America\u003cbr\u003e 28. The sources used in the American analyses\u003cbr\u003e 29. Concluding remarks.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46265872285976,"sku":"9781107673861","price":24.98,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781107673861i.jpg?v=1694507468","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-role-of-measurement-in-economics-paperback-9781107673861","provider":"Freshly Printed Books","version":"1.0","type":"link"}