Three Papers on Econometrics of Consumption.

KLEIN,Lawrence R..

$600.00

Item Number: 88160

Chicago: Cowles Commission For Research in Economics at The University of Chicago, 1949.

Rare collection of econometrics papers including Paul A. Samuelson’s Some Implications of Linearity. Octavo, original wrappers as issued. Other papers include A Constant-Utility Index of the Cost of Living (Lawrence R. Klein and Herman Rubin) and Family Expenditures and the Marginal Propensity to Consume (Trygve Haavelmo). Stamp to the front panel “With the Compliments of The Author and Cowles Commission For Research in Economics The University of Chicago.” Small contemporary name to the front panel. In near fine condition.

The Cowles Foundation for Research in Economics was founded in 1932 by economist Alfred Cowles with the motto 'Theory and Measurement', dedicated to linking economic theory to mathematics and statistics. The foundation's ultimate goal was to gain insight into economic policy through specific, probabilistic framework in estimating simultaneous equations to model an economy. Contributing economist Paul A. Samuelson was the first American to win the Nobel Memorial Prize in Economic Sciences for doing "... more than any other contemporary economist to raise the level of scientific analysis in economic theory".