Price and quantity indices are important, much-used measuring
instruments, and it is therefore necessary to have a good
understanding of their properties. When it was published, this book
is the first comprehensive text on index number theory since Irving
Fisher's 1922 The Making of Index Numbers. The book covers
intertemporal and interspatial comparisons; ratio- and
difference-type measures; discrete and continuous time
environments; and upper- and lower-level indices. Guided by
economic insights, this book develops the instrumental or axiomatic
approach. There is no role for behavioural assumptions. In addition
to subject matter chapters, two entire chapters are devoted to the
rich history of the subject.
Cambridge University Press (Virtual Publishing)
|Country of origin:
Bert M. Balk
(Senior Researcher and Professor)
||Electronic book text
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