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The Role of Measurement in Economics

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  • Stone,Richard

Abstract

First published in 1951, and originally delivered as the Newmarch Lectures for 1948–9, this book examines the role of measurement in obtaining and applying economic knowledge. Esteemed economist Richard Stone, who went on to win the Nobel Prize in Economics, divides his topic into four sections: questions of fact and empirical constructs; the truth or falsity of a hypothesis; the estimation of parameters; and questions of prediction. This book will be of value to anyone with an interest in economics and the development of the discipline.

Suggested Citation

  • Stone,Richard, 2013. "The Role of Measurement in Economics," Cambridge Books, Cambridge University Press, number 9781107673861, October.
    • Handle: RePEc:cup:cbooks:9781107673861
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    Cited by:

    1. Sydney N. Afriat & Carlo Milana, 2007. "Price-Level Computation: Illustrations," Department of Economics University of Siena 506, Department of Economics, University of Siena.
    2. Straubhaar, Thomas, 2021. "Datenwirtschaft: Was ist neu und anders?," Edition HWWI: Chapters, in: Straubhaar, Thomas (ed.), Neuvermessung der Datenökonomie, volume 6, pages 9-25, Hamburg Institute of International Economics (HWWI).
    3. Magrabi, Frances Marie, 1962. "A model of consumer choice," ISU General Staff Papers 196201010800003063, Iowa State University, Department of Economics.
    4. Suzuki, Tomo, 2003. "The epistemology of macroeconomic reality: The Keynesian Revolution from an accounting point of view," Accounting, Organizations and Society, Elsevier, vol. 28(5), pages 471-517, July.
    5. James Fogarty, 2004. "The Own-Price Elasticity of Alcohol: A Meta-Analysis," Economics Discussion / Working Papers 04-01, The University of Western Australia, Department of Economics.

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