Background
JOHNSTON, Jack was born in 1923 in Belfast, N. Ireland.
(A classic text in the field, this new edition features a ...)
A classic text in the field, this new edition features a new co-author and provides a well-balanced and comprehensive study of current econometric theory and practice for undergraduate or graduate study. Traditional topics are carefully blended with newer techniques and trends. While the authors of this text assume students have taken a basic course in statistics, they provide a complete appendix on basic statistical theory for those who may need a refresher. In addition, the authors include in an appendix a review of all relevant topics in matrix algebra. Includes data disk.
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( Toward a Formal Science of Economics provides a unifyin...)
Toward a Formal Science of Economics provides a unifying way to look at the concept of economic science. It lays a foundation for the axiomatic method, focusing on applications in economics and econometrics, and including discussions in logic, epistemology, and probability theory. Each chapter deals with a topic of fundamental importance to a rigorous science of economics while illustrating an aspect of the axiomatic method.Stigum describes an introductory course in mathematical logic, developing a symbolic language for mathematics and discussing the strengths and weaknesses of the axiomatic method. He presents the standard theory of consumer choice, illustrating different aspects of the use of the axiomatic method and evaluating economic theories of individual behavior. He takes up problems in the foundations of econometrics and choice under uncertainty and offers an introduction to nonstandard analysis that leads to discussion of exchange and probability in hyperspace. A section on epistemology completes Stigum's construction of a formal unitary methodological basis for theoretical and empirical science.The last three parts of the book apply these methodological tools to various topics in economics and econometrics including empirical analyses of the permanent income hypothesis and consumer choice among risky and nonrisky assets; discussion of determinism, uncertainty, and the utility hypothesis; and study of topics of importance to the analysis of economic time series.Bernt P. Stigum is Professor of Economics at the University of Oslo, Norway.
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JOHNSTON, Jack was born in 1923 in Belfast, N. Ireland.
BComSc Queen's University, Belfast, 1947. Doctor of Philosophy University Wales, 1957. Honorary Master of Arts University Manchester, 1962.
Professor Econometrics, Stanley Jevons Professor Econometrics, University Manchester, England, 1959-1967, 78. Professor of Economics, University California, Irvine, United States of America, since 1978. Editorial Board, J. Macroecon, 1979.
(A classic text in the field, this new edition features a ...)
( Toward a Formal Science of Economics provides a unifyin...)
A series of studies in applied econometrics, especially in the areas of statistical cost functions and labour productivity. The clarification and exposition of econometric methods. And theoretical and empirical studies of wage and price inflation.