Problems And Methods Of Econometrics: The Poincar+ Lectures of Ragnar Frisch 1933 by Ragnar FrischProblems And Methods Of Econometrics: The Poincar+ Lectures of Ragnar Frisch 1933 by Ragnar Frisch

Problems And Methods Of Econometrics: The Poincar+ Lectures of Ragnar Frisch 1933

byRagnar FrischEditorOlav Bjerkholt, Ariane Dupont-kieffer

Paperback | August 11, 2013

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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 journalEconometricsfor twenty-two years. The discovery of the manuscripts of a series of eight lectures given by Frisch at the Henri Poincar'nstitute 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.

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 Bjerkholtwas head of the Research Department in Statistics Norway between 1984 and 1996. Since then he has been professor of economics at the University...
Title:Problems And Methods Of Econometrics: The Poincar+ Lectures of Ragnar Frisch 1933Format:PaperbackDimensions:208 pages, 8.75 × 6.35 × 0.68 inPublished:August 11, 2013Publisher:Taylor and FrancisLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0415745357

ISBN - 13:9780415745352


Table of Contents

PrefaceEdmond MalinvaudEditor's IntroductionOlav Bjerkholt and Ariane Dupont-Kieffer  ForewordPaul SamuelsonIntroduction 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 view of deterministic dynamic laws  6. The statistical construction of econometric functions. Autonomous and confluent equations. The danger of analysis of many variables  7. Time series techniques. Decomposition of series. Linear operations and their inversion problem  8. Conclusion: The significance of social and mechanical laws. Invariance and rigidity. Remarks on a philosophy of chaos

Editorial Reviews

'The set of lecture notes is a rare exhibition of Frisch¿s overview on econometrics. Its accessible and astute description of economic and econometric modelling versus economic reality shines a timeless warning light especially for those who are deeply lost in the thick mist of formal technique twiddling.' Duo Qin (Queen Mary's University of London, UK)