The Economics And Science Of Measurement
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The Economics And Science Of Measurement
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Author : Albert N. Link
language : en
Publisher: Taylor & Francis
Release Date : 2021-07-08
The Economics And Science Of Measurement written by Albert N. Link and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-08 with Business & Economics categories.
Metrology is the study of measurement science. Although classical economists have emphasized the importance of measurement per se, the majority of economics-based writings on the topic have taken the form of government reports related to the activities of specific national metrology laboratories. This book is the first systematic study of measurement activity at a national metrology laboratory, and the laboratory studied is the U.S. National Institute of Standards and Technology (NIST) within the U.S. Department of Commerce. The primary objective of the book is to emphasize for academic and policy audiences the economic importance of measurement not only as an area of study but also as a tool for sustaining technological advancement as an element of economic growth. Toward this goal, the book offers an overview of the economic benefits and consequences of measurement standards; an argument for public sector support of measurement standards; a historical perspective of the measurement activities at NIST; an empirical analysis of one particular measurement activity at NIST, namely calibration testing; and a roadmap for future research on the economics of metrology.
Measurement In Economics
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Author : Marcel Boumans
language : en
Publisher: Elsevier
Release Date : 2007-08-17
Measurement In Economics written by Marcel Boumans and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-08-17 with Business & Economics categories.
"Measurement in Economics: A Handbook" aims to serve as a source, reference, and teaching supplement for quantitative empirical economics, inside and outside the laboratory. Covering an extensive range of fields in economics: econometrics, actuarial science, experimental economics, index theory, national accounts, and economic forecasting, it is the first book that takes measurement in economics as its central focus. It shows how different and sometimes distinct fields share the same kind of measurement problems and so how the treatment of these problems in one field can function as a guidance in other fields. This volume provides comprehensive and up-to-date surveys of recent developments in economic measurement, written at a level intended for professional use by economists, econometricians, statisticians and social scientists. It employs an integrative approach of measurement in economics. It contains multi-disciplinary chapters and up-to-date survey of measurement literature in economics and econometrics.
The Economics And Science Of Measurement
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Author : Albert N. Link
language : en
Publisher: Routledge
Release Date : 2021-07-08
The Economics And Science Of Measurement written by Albert N. Link and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-08 with Business & Economics categories.
Metrology is the study of measurement science. Although classical economists have emphasized the importance of measurement per se, the majority of economics-based writings on the topic have taken the form of government reports related to the activities of specific national metrology laboratories. This book is the first systematic study of measurement activity at a national metrology laboratory, and the laboratory studied is the U.S. National Institute of Standards and Technology (NIST) within the U.S. Department of Commerce. The primary objective of the book is to emphasize for academic and policy audiences the economic importance of measurement not only as an area of study but also as a tool for sustaining technological advancement as an element of economic growth. Toward this goal, the book offers an overview of the economic benefits and consequences of measurement standards; an argument for public sector support of measurement standards; a historical perspective of the measurement activities at NIST; an empirical analysis of one particular measurement activity at NIST, namely calibration testing; and a roadmap for future research on the economics of metrology.
Measuring Utility
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Author : Ivan Moscati
language : en
Publisher:
Release Date : 2019
Measuring Utility written by Ivan Moscati and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Business & Economics categories.
Utility is a key concept in the economics of individual decision-making. However, utility is not measurable in a straightforward way. As a result, from the very beginning there has been debates about the meaning of utility as well as how to measure it. This book is an innovative investigation of how these arguments changed over time. Measuring Utility reconstructs economists' ideas and discussions about utility measurement from 1870 to 1985, as well as their attempts to measure utility empirically. The book brings into focus the interplay between the evolution of utility analysis, economists' ideas about utility measurement, and their conception of what measurement in general means. It also explores the relationships between the history of utility measurement in economics, the history of the measurement of sensations in psychology, and the history of measurement theory in general. Finally, the book discusses some methodological problems related to utility measurement, such as the epistemological status of the utility concept and its measures. The first part covers the period 1870-1910, and discusses the issue of utility measurement in the theories of Jevons, Menger, Walras and other early utility theorists. Part II deals with the emergence of the notions of ordinal and cardinal utility during the period 1900-1945, and discusses two early attempts to give an empirical content to the notion of utility. Part III focuses on the 1945-1955 debate on utility measurement that was originated by von Neumann and Morgenstern's expected utility theory (EUT). Part IV reconstructs the experimental attempts to measure the utility of money between 1950 and 1985 within the framework provided by EUT. This historical and epistemological overview provides keen insights into current debates about rational choice theory and behavioral economics in the theory of individual decision-making and the philosophy of economics.
Science Outside The Laboratory
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Author : Marcel Boumans
language : en
Publisher: Oxford University Press, USA
Release Date : 2015
Science Outside The Laboratory written by Marcel Boumans and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Business & Economics categories.
Social science experiments often cannot be analyzed under controlled conditions, as many take place outside a laboratory. None-the-less, measurement provides scientists with a sound basis for collecting and analyzing the results of field research. Science Outside the Laboratory examines the relationship between measurement theory and field investigations through the philosophy of science.
The Foundations Of Econometric Analysis
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Author : David F. Hendry
language : en
Publisher: Cambridge University Press
Release Date : 1997-02-20
The Foundations Of Econometric Analysis written by David F. Hendry and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-02-20 with Business & Economics categories.
Collection of classic papers by pioneer econometricians
The Unity Of Science And Economics
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Author : Jing Chen
language : en
Publisher: Springer
Release Date : 2015-11-06
The Unity Of Science And Economics written by Jing Chen and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-06 with Science categories.
This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost.The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions.
Jan Tinbergen 1903 1994 And The Rise Of Economic Expertise
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Author : Erwin Dekker
language : en
Publisher: Cambridge University Press
Release Date : 2021-07
Jan Tinbergen 1903 1994 And The Rise Of Economic Expertise written by Erwin Dekker and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07 with Biography & Autobiography categories.
This biography presents the interaction between his socialist ideals, scientific aspirations and work as an economic expert.
Gunton S Magazine Of American Economics And Political Science
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Author : George Gunton
language : en
Publisher:
Release Date : 1894
Gunton S Magazine Of American Economics And Political Science written by George Gunton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1894 with Social sciences categories.
Measurement Theory And Applications For The Social Sciences
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Author : Deborah L. Bandalos
language : en
Publisher: Guilford Publications
Release Date : 2018-01-31
Measurement Theory And Applications For The Social Sciences written by Deborah L. Bandalos and has been published by Guilford Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-31 with Social Science categories.
Which types of validity evidence should be considered when determining whether a scale is appropriate for a given measurement situation? What about reliability evidence? Using clear explanations illustrated by examples from across the social and behavioral sciences, this engaging text prepares students to make effective decisions about the selection, administration, scoring, interpretation, and development of measurement instruments. Coverage includes the essential measurement topics of scale development, item writing and analysis, and reliability and validity, as well as more advanced topics such as exploratory and confirmatory factor analysis, item response theory, diagnostic classification models, test bias and fairness, standard setting, and equating. End-of-chapter exercises (with answers) emphasize both computations and conceptual understanding to encourage readers to think critically about the material. ÿ