Overview
This seminal work has a contemporary relevance for modern-day theorists and practitioners. The carefully selected essays provide a core analysis of pricing systems and the behavior and measurement of prices.. "This book will be invaluable to academics, statisticians, and policy-makers with an interest in microeconomics and pricing.Synopsis
This seminal work has a contemporary relevance for modern-day theorists and practitioners. The carefully selected essays provide a core analysis of pricing systems and the behavior and measurement of prices.. "This book will be invaluable to academics, statisticians, and policy-makers with an interest in microeconomics and pricing.
Booknews
Presents 16 essays written between 1940 and 1990, devoted to economic theories, their applications to important issues of policy, and their consistency with detailed empirical data. Examines pricing systems and the role of prices in theories of value and income distribution, looks at the problem of measuring price changes over time and space, and discusses the reliability of domestic price statistics. Particular emphasis is placed on inflation between 1950 and 1973 and on price stability and economic growth. Nancy Ruggles was formerly a senior research economist with the Institute for Economic and Social Policy Studies at Yale University. Richard Ruggles is a professor of economics at Yale University. Annotation c. Book News, Inc., Portland, OR (booknews.com)