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Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000010207129 | HB139 P76 2009 | Open Access Book | Book | Searching... |
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Summary
Summary
The development of economics changed dramatically during the twentieth century with the emergence of econometrics, macroeconomics and a more scientific approach in general. One of the key individuals in the transformation of economics was Ragnar Frisch, professor at the University of Oslo and the first Nobel Laureate in economics in 1969. He was a co-founder of the Econometric Society in 1930 (after having coined the word econometrics in 1926) and edited the journal Econometrics for twenty-two years. The discovery of the manuscripts of a series of eight lectures given by Frisch at the Henri Poincaré Institute in March-April 1933 on The Problems and Methods of Econometrics will enable economists to more fully understand his overall vision of econometrics.
This book is a rare exhibition of Frisch's overview on econometrics and is published here in English for the first time. Edited and with an introduction by Olav Bjerkholt and Ariane Dupont-Kieffer, Frisch's eight lectures provide an accessible and astute discussion of econometric issues from philosophical foundations to practical procedures.
Concerning the development of economics in the twentieth century and the broader visions about economic science in general and econometrics in particular held by Ragnar Frisch, this book will appeal to anyone with an interest in the history of economics and econometrics.
Author Notes
Ragnar Frisch (1895-1973) was the first nobel laureate in economics in 1969 and was largely responsible for introducing econometrics to government economic planning and accounting.
Olav Bjerkholt was head of the Research Department in Statistics Norway between 1984 and 1996. Since then he has been professor of economics at the University of Oslo, Norway.
Ariane Dupont-Kieffer was previously researcher in the Department of History of Economic Thought and Sociology at Panthéon-Sorbonne University, defended a PhD on Ragnar Frisch in 2003. She is now researcher in the Department of Economics and Sociology at the French National Institute for Transportation and Safety, working on transport economics and environmental policy issues.
Table of Contents
| Introduction |
| 1 The philosophical foundations of econometrics. The axiomatic method. Utility as quantity |
| 2 Examples of static and semi-static econometric theories. Monopoly, polypoly. The concept of force |
| 3 What is a "dynamic" theory? Properties of determined and undetermined systems |
| 4 Examples of dynamic econometric theories. Oscillations in closed systems. The theory of crises |
| 5 The creation of cycles by random shocks. Synthesis between a probabilistic point of view and the point of vie |
