Index Numbers in Economic Theory and Practice, Allen 9781138525993 New..

Name: Index Numbers in Economic Theory and Practice, Allen 9781138525993 New..
Brand: Taylor & Francis

Taylor & Francis

Index Numbers in Economic Theory and PracticeAuthor(s): R. G. D. Allen\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138525993, 978-1138525993\nSynopsis\nThere is no book currently available that gives a comprehensive treatment of the design, construction, and use of index numbers. However, there is a pressing need for one in view of the increasing and more sophisticated employment of index numbers in the whole range of applied economics and specifically in discussions of macroeconomic policy. In this book, R. G. D. Allen meets this need in simple and consistent terms and with comprehensive coverage.\n\nThe text begins with an elementary survey of the index-number problem before turning to more detailed treatments of the theory and practice of index numbers. The binary case in which one time period is compared with another is first developed and illustrated with numerous examples. This is to prepare the ground for the central.