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Measuring instruments in economics and the velocity of money

Morgan, Mary S. (2006) Measuring instruments in economics and the velocity of money. Working papers on the nature of evidence: how well do 'facts' travel?, 13/06. Department of Economic History, London School of Economics and Political Science, London, UK.

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Abstract

Economic measurements are generated by complicated systems of measurement involving economic and bureaucratic processes. Whether these measuring instruments produce reliable numbers: ‘facts’ that travel well, depends on the qualities of these systems. Ideas from metrology, and from the philosophy and sociology of science, are used to analyse various attempts to measure the velocity of money ranging from the 17th to the 20th centuries. These historical experiences suggest that numerical facts are likely to travel well in economics when the criteria implied by all three of these disciplinary approaches to measurement are met.

Item Type: Monograph (Working Paper)
Official URL: http://www.lse.ac.uk/collections/economicHistory/p...
Additional Information: © 2006 The Author
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
D History General and Old World > D History (General) > D204 Modern History
Sets: Departments > Economic History
Collections > Economists Online
Collections > How Well Do 'Facts' Travel?
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Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 13/06
Funders: http://www.leverhulme.ac.uk/, Economic and Social Research Council
Projects: Large-Scale Technological Change
Date Deposited: 05 Feb 2009 11:47
URL: http://eprints.lse.ac.uk/22535/

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