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Persistent link: https://www.econbiz.de/10000161937
The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do basically the same thing: to separate a change in nominal value into a 'real part' due to the changes in quantities and...
Persistent link: https://www.econbiz.de/10003645139
The paper discusses measurement, primarily in economics, from both analytical and historical perspectives. The historical section traces the commitment to ordinalism on the part of economic theorists from the doctrinal disputes between classical economics and marginalism, through the struggle of...
Persistent link: https://www.econbiz.de/10003470555
The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas. Yet, they all attempt to do basically the same thing: to separate a change in nominal value into a "real part" due to the changes in quantities and...
Persistent link: https://www.econbiz.de/10003951463
The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common but unrealistic assumptions of homotheticity, or...
Persistent link: https://www.econbiz.de/10011514055
The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do the same thing: to separate a change in nominal value into a 'real parts' due to the changes in quantities and an...
Persistent link: https://www.econbiz.de/10003719980
Persistent link: https://www.econbiz.de/10003264350
The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common but unrealistic assumptions of homotheticity, or...
Persistent link: https://www.econbiz.de/10001728805
Persistent link: https://www.econbiz.de/10001780917
Persistent link: https://www.econbiz.de/10001738329