Ragnar Frisch

A Dynamic Approach to Economic Theory

The Yale Lectures of Ragnar Frisch, 1930
Herausgeber: Bjerkholt, Olav; Qin, Duo

• Gebundenes Buch

Produktbeschreibung

This book contains a set of notes prepared by Ragnar Frisch for a lecture series that he delivered at Yale University in 1930. The lecture notes provide not only a valuable source document for the history of econometrics, but also a more systematic introduction to some of Frisch's key methodological ideas than his other works so far published in various media for the econometrics community. In particular, these notes contain a number of prescient ideas precursory to some of the most important notions developed in econometrics during the 1970s and 1980s More remarkably, Frisch demonstrated a deep understanding of what econometric or statistical analysis could achieve under the situation where there lacked known correct theoretical models. This volume has been rigorously edited and comes with an introductory essay from Olav Bjerkholt and Duo Qin placing the notes in their historical context.

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Produktdetails

• Verlag: Routledge
• Seitenzahl: 208
• Erscheinungstermin: 22. Juli 2010
• Englisch
• Abmessung: 240mm x 161mm x 16mm
• Gewicht: 482g
• ISBN-13: 9780415564090
• ISBN-10: 0415564093
• Artikelnr.: 34559816

Autorenporträt

Olav Bjerkholt is Professor of Economics at the University of Oslo. Duo Qin is Senior Lecturer in Economics at Queen Mary, University of London.

Inhaltsangabe

I. General Consideration on Statistics and Dynamics in Economics
1. What is economic theory?
2. A discussion of the fundamental distinction between a static and a dynamic economic theory
3. The static and the dynamic conception of an equilibrium
4. Structural
confluent and fictitious relations in economic theory
II. Dynamic Formulation of Some Parts of Economic Theory
5. A dynamic analysis of marginal utility
6. A dynamic formulation of the law of demand
7. A simple case of steered oscillations. The reaction problem
8. A simple case of initiated oscillations
9. Dynamic analysis of a closed economic system
III. Statistical Verification of the Laws of Dynamic Economic Theory
10. Types of clustering in scatter diagrams and the non-significance of partial correlations
11. General principles regarding the possibility of determining structural relations from empirical observations
12. The separation of short-time and long-time components in an empirical time series
13. The phase diagram. Phase elasticities and structural elasticities. The comparison problem in time series components
14. Critical remarks on some of the recent attempts at statistical determination of demand and supply curves
15. A new theory of linear regression. The diagonal and the arithmetic mean regression. The invariance problem
16. A statistical analysis of selected groups of data by the methods developed in the present course