Progress through Regression
Autor Jeff E Biddleen Limba Engleză Paperback – 17 iul 2025
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Specificații
ISBN-13: 9781009686570
ISBN-10: 1009686577
Pagini: 348
Dimensiuni: 152 x 229 x 19 mm
Greutate: 0.47 kg
Editura: Cambridge University Press
ISBN-10: 1009686577
Pagini: 348
Dimensiuni: 152 x 229 x 19 mm
Greutate: 0.47 kg
Editura: Cambridge University Press
Cuprins
Part I. Paul Douglas and his Regression, 1927-1948: 1. The Origins of Douglas's Production Function Research Program and his Initial Time Series Studies; 2. The Douglas-Mendershausen Debate and the Cross Section Studies; 3. Theoretical and Econometric Challenges of the Early 1940s, and Douglas's Final Word; Part II. The Diffusion of the Cobb-Douglas Regression: 4. Three Important Developments in the Life of the Cobb-Douglas Regression, 1952-1961; 5. The Cobb-Douglas Regression in Agricultural Economics, 1944-1965; 6. The Cobb-Douglas Regression as a Tool for Measuring and Explaining Economic Growth; Part III. Conclusion; 7. On the Success of the Cobb-Douglas Regression; References; Index.
Recenzii
'The Cobb-Douglas production function is the workhorse of modern economic theory. Debates regarding models that are built upon it go on all the time, yet seldom focus on Cobb-Douglas itself. Yet there were early debates about it, some of which could have lead in interesting directions. But the diffusion of the Cobb-Douglass function, especially in practical applications where it allowed attention to focus on what both theorists and applied scholars considered important, helped it to slide by any difficulties. Biddle's protagonist is a worthy subject of study, opening our eyes to how modern economics actually works.' Ross B. Emmett, Arizona State University
'The history of economics has typically been a tale of ideas, ideologies, or economists. But tools have lives of their own. In a highly valuable contribution to understanding the practices of empirical economics, Jeff Biddle told the life story of one of the most productive tools in the economist's workshop – the Cobb-Douglas production function. This book should interest not only the historian of economics, but every empirical economist as well.' Kevin Hoover, Duke University
'If the history of twentieth century economics is better characterized, not as a history of economic ideas, but as a history of tools and techniques – which I believe it should be – then Biddle's history of the Cobb-Douglas production function is a highly relevant contribution. By taking on one of the most central tools of twentieth century economics, this book helps us gain a better understanding of how economics became an engineering science. Biddle's focus on a broadly used tool gives a much more realistic history of modern economics.' Marcel Boumans, Utrecht University
'The history of applied economics and applied econometrics has not received as much attention as it deserves. This new book, which focuses on the history of an extremely widely used function, is a welcome addition to the literature, introducing us to episodes that deserve to be better known. The notion that economists welcomed the function, despite its flaws, because they wanted to believe it is fascinating.' Roger Backhouse, Birmingham Business School
'The history of economics has typically been a tale of ideas, ideologies, or economists. But tools have lives of their own. In a highly valuable contribution to understanding the practices of empirical economics, Jeff Biddle told the life story of one of the most productive tools in the economist's workshop – the Cobb-Douglas production function. This book should interest not only the historian of economics, but every empirical economist as well.' Kevin Hoover, Duke University
'If the history of twentieth century economics is better characterized, not as a history of economic ideas, but as a history of tools and techniques – which I believe it should be – then Biddle's history of the Cobb-Douglas production function is a highly relevant contribution. By taking on one of the most central tools of twentieth century economics, this book helps us gain a better understanding of how economics became an engineering science. Biddle's focus on a broadly used tool gives a much more realistic history of modern economics.' Marcel Boumans, Utrecht University
'The history of applied economics and applied econometrics has not received as much attention as it deserves. This new book, which focuses on the history of an extremely widely used function, is a welcome addition to the literature, introducing us to episodes that deserve to be better known. The notion that economists welcomed the function, despite its flaws, because they wanted to believe it is fascinating.' Roger Backhouse, Birmingham Business School