In order to provide information concerning the significant contributions to price index theory made by Moritz Wilhelm … personal and professional life. He was the first to formulate the unit value index as well as the Laspeyres and Paasche price … indices. These three indices are the key for the official inflation measurements that are made around the world today. …

In order to provide information concerning the significant contributions to price index theory made by Moritz Wilhelm … personal and professional life. He was the first to formulate the unit value index as well as the Laspeyres and Paasche price … indices. These three indices are the key for the official inflation measurements that are made around the world today. …

This paper attempts to establish a greater awareness among researchers for the noteworthy contributions to price index … well-known price indices that presently carry their names. Moritz Wilhelm Drobisch was the first to publish them in 1871 in …, because in his view they were inappropriate measures of inflation. Instead, he devised the unit value index, which he regarded …

Textbooks of macroeconomics regularly remind their readers that they should not interpret the macroeconomic price … variable as some sort of average price. Instead it represents some price index indicating the average of the individual items …' price changes between the period considered and some base period. The Laspeyres and the Paasche index are cited as the best …

The inflation rate is normally computed as a weighted average of individual price changes. Alternatively, this rate … could be evaluated by comparing average price levels. Unfortunately, this methodology has received limited attention in past … price level changes. The group includes some well-known (Laspeyres, Paasche, Banerjee), hardly known (Lehr, Davies), and …

The inflation rate is normally computed as a weighted average of individual price changes. Alternatively, this rate … could be evaluated by comparing average price levels. Unfortunately, this methodology has received limited attention in past … price level changes. The group includes some well-known (Laspeyres, Paasche, Banerjee), hardly known (Lehr, Davies), and …

Textbooks of macroeconomics regularly remind their readers that they should not interpret the macroeconomic price … variable as some sort of average price. Instead it represents some price index indicating the average of the individual items …' price changes between the period considered and some base period. The Laspeyres and the Paasche index are cited as the best …

Textbooks of macroeconomics regularly remind their readers that they should not interpret the macroeconomic price … variable as some sort of average price. Instead it represents some price index indicating the average of the individual items …’ price changes between the period considered and some base period. The Laspeyres and the Paasche index are cited as the best …

The inflation rate is normally computed as a weighted average of individual price changes. Alternatively, this rate … could be evaluated by comparing average price levels. Unfortunately, this methodology has received limited attention in past … price level changes. The group includes some well-known (Laspeyres, Paasche, Banerjee), hardly known (Lehr, Davies), and …

, e. g. the merits and demerits of certain index formulas, the definition and updating of weights, “pure” price comparison … prejudices of that time (e. g. regarding inflation under the regime of a gold currency). …