December 2014
Beginner
352 pages
14h 24m
English
Content preview from The Economics Book
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IN CONTEXT
FOCUS
Economic methods
KEY THINKER
Ragnar Frisch (1895–1973)
BEFORE
1696 English economist Gregory King publishes Natural and Political Observations, containing the first quantitative (measurable) analysis of economics.
1914 US economist Henry Moore publishes Economic Cycles: Their Law and Cause, laying the foundations for statistical economics, the forerunner of econometrics.
AFTER
1940 Austrian economist Ludwig von Mises argues that empirical methods cannot be applied to social sciences.
2003 British economist Clive Granger wins the Nobel Prize for his analyses of the relationship between economic variables over time.
In the 1930s Norwegian ...
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