Reiss, Julian (2001) Natural economic quantities and their measurement. Journal of Economic Methodology, 8 (2). pp. 287-311. ISSN 1350-178x
Full text not available from this repository.Abstract
This paper discusses and develops an important distinction drawn by Jevons, viz. that between natural and fictitious quantities. This distinction provides a basis for a theory of economic concept formation that aims at picking out families of models that are phenomenally adequate, explanatory and exact simultaneously. Essentially, the theory demands of an economic quantity to be natural that (1) it is explained by a causal model, (2) it is measurable and (3) the measurement procedure is justified. The proposed theory is tested against two case studies, one historical and one contemporary.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.tandf.co.uk/journals/titles/1350178x.as... |
| Additional Information: | © 2001 Taylor & Francis |
| Divisions: | CPNSS |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 02 Jun 2011 15:41 |
| Last Modified: | 11 Dec 2024 22:24 |
| URI: | http://eprints.lse.ac.uk/id/eprint/36473 |
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