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The Case for Laspeyres' Formula: An up-to-Date Appraisal

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  • Henry Anderson

Abstract

The logical basis for using Laspeyres' formula in cost-of-living and real-income measurement has been debated for years, leaving little room for further comment. However, the relevant discussion as yet consists of scattered and highly technical bits and pieces religiously ignored by textbook writers. It may therefore be timely to summarize the argument and its implications for the practitioner.

Suggested Citation

  • Henry Anderson, 1968. "The Case for Laspeyres' Formula: An up-to-Date Appraisal," The American Economist, Sage Publications, vol. 12(2), pages 55-63, October.
    • Handle: RePEc:sae:amerec:v:12:y:1968:i:2:p:55-63
    DOI: 10.1177/056943456801200206
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