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Econometrics and Economic Theory in the 20th Century Steinar Strom (Universitetet i Oslo)

Econometrics and Economic Theory in the 20th Century By Steinar Strom (Universitetet i Oslo)

Econometrics and Economic Theory in the 20th Century by Steinar Strom (Universitetet i Oslo)


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Summary

Ragnar Frisch (1895-1973) received the first Nobel Memorial Prize in Economic Science together with Jan Tinbergen in 1969 for having played an important role in ensuring that mathematical techniques figure prominently in modern economic analysis. This collection explores his contributions to econometrics and other key fields in the discipline as well as the results of new research.

Econometrics and Economic Theory in the 20th Century Summary

Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium by Steinar Strom (Universitetet i Oslo)

Ragnar Frisch (1895-1973) received the first Nobel Memorial Prize in Economic Science together with Jan Tinbergen in 1969 for having played an important role in ensuring that mathematical techniques figure prominently in modern economic analysis. Frisch was also a co-founder of the Econometric Society in 1930, the inaugural editor of its journal Econometrica for over 20 years, and a major figure in Norwegian academic life. This collection of essays derived from the centennial symposium which marked Frisch's birth explores his contributions to econometrics and other key fields in the discipline as well as the results of new research. Contributors include eminent scholars from Europe, the United Kingdom and North America who investigate themes in utility measurement, production theory, microeconomic policy, econometric methods, macrodynamics, and macroeconomic planning.

Econometrics and Economic Theory in the 20th Century Reviews

Ragnar Frisch was perhaps the seminal figure in the transformation of economics into a quantitative science, equally at home in modern economic theory and in econometric methodology. A symposium to represent the breadth and depth of his interests faces a daunting task. This one meets the challenge fully, with a combination of expositions of Frisch's work and outstanding new work which show the current importance of Frisch's program. Kenneth J. Arrow, Stanford University

Table of Contents

Introduction; List of contributors; Part I. Ragnar Frisch and his Contributions to Economics: 1. Ragnar Frisch at the University of Oslo Jens C. Andvig and Tore Thonstad; 2. Ragnar Frisch and the foundation of the econometric society and Econometrica Olav Bjerkholt; 3. The contributions of Ragnar Frisch to economics and econometrics John S. Chipman; Part II. Utility Measurement: 4. Nonparametric estimation of exact consumer surplus and deadweight loss Jerry A. Hausman and Whitney K. Newey; 5. Consumer demand and intertemporal allocations: Engle, Slutsky and Frisch Richard Blundell; Part III. Production Theory: 6. Production functions: the search for identification Zvi Griliches and Jacques Mairesse; 7. Investment and growth Dale W. Jorgenson; Part IV. Microeconomic Policy: 8. Evaluating the Welfare State James J. Heckman and Jeffrey Smith; 9. Frisch, hotelling and the marginal-cost pricing controversy Jean-Jacques Laffont; Part V. Econometrics Methods: 10. Scientific explanations in econometrics Bernt P. Stigum; 11. An autoregressive distribution-lag modelling approach to cointegration analysis M. Hashem Pesaran and Yongcheol Shin; 12. Econometric issues related to errors in variables in financial models G. S. Maddala; 13. Statistical analysis of some nonstationary time series Soren Johansen; Part VI. Macrodynamics: 14. Frisch's vision and explanation of the trade-cycle phenomenon: his connection with Wicksell, Akerman and Schumpeter Bjorn Thalberg; 15. Ragnar Frisch's conception of the business cycle Lawrence R. Klein; 16. Business cycles: real facts or fallacies? Gunnar Bardsen, Paul G. Fisher and Ragnar Nymoen; Part VII. Macroeconomic Planning: 17. The influence of Ragnar Frisch on macroeconomic planning and policy in Norway Petter Jakob Bjerve; 18. How Frisch saw in the 1960s the contribution of economists to development planning E. Malinvaud; 19. On the need for macroeconomic planning in market economies: three examples from the European Monetary Union project A. J. Hughes Hallett; Author index; Subject index.

Additional information

NPB9780521633239
9780521633239
0521633230
Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium by Steinar Strom (Universitetet i Oslo)
New
Hardback
Cambridge University Press
1999-01-28
644
N/A
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