Econometric contributions of the Cowles Commission, 1944-47. A retrospective view

Authors

  • L.R. KLEIN

DOI:

https://doi.org/10.13133/2037-3643/10646

Keywords:

Econometrics, Cowles commission

Abstract

The Cowles Commission's econometric work had a profound effect on economic analysis after the Second World War. Econometrics was a young discipline at that time and the author discusses the principle contributors and their work at the Cowles Commission for Research in Economics. Successful econometrics relies on combining economics with mathematics and statistics. It is also important to remember that quantitative economics does not give results that are robust in very small confidence areas - rather they provide guidance for policy makers and facilitate a better understanding of the economy.

 

JEL: B23

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Published

2013-10-18

How to Cite

KLEIN, L. (2013). Econometric contributions of the Cowles Commission, 1944-47. A retrospective view. PSL Quarterly Review, 44(177). https://doi.org/10.13133/2037-3643/10646

Issue

Vol. 44 No. 177 (1991)

Section

Editorial

License

 
 
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