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The Years of High Econometrics - A Short History of the Generation that Reinvented Economics (Paperback)
Loot Price: R1,630
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The Years of High Econometrics - A Short History of the Generation that Reinvented Economics (Paperback)
Series: Routledge Studies in the History of Economics
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A fascinating and comprehensive history, this book explores the
most important transformation in twentieth century economics: the
creation of econometrics. Containing fresh archival material that
has not been published before and taking Ragnar Frisch as the
narrator, Francisco Louca discusses both the keys events - the
establishment of the Econometric Society, the Cowles Commission and
the journal Econometrica - and the major players - economists like
Wesley Mitchell, mathematicians like John von Neumann and
statisticians like Karl Pearson - in history that shaped the
development of econometrics. He discusses the evolution of their
thought, detailing the debates, the quarrels and the interrogations
that crystallized their work and even offers a conclusion of sorts,
suggesting that some of the more influential thinkers abandoned
econometrics or became critical of its development. International
in scope and appeal, The Years of High Econometrics is an excellent
accompaniment for students taking courses on probability,
econometric methods and the history of economic thought.
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