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Global Monetarism

In: National Income and Economic Progress

Author

Listed:
  • Lawrence R. Klein

Abstract

The name of Colin Clark, as a pioneer in quantitative economics and econometrics, was known to me from the very first studies that I took up in economics, more than forty-five years ago. But one of the most impressive comments was in a periodic survey of economic and financial literature sent out by the Federal Reserve Board, where Colin Clark was described as a statistician who did creative work where other, more cautious, professionals feared to tread. I have often thought about that comment whenever I have felt the urge to work on a problem for which there was, of necessity, a weak and obscure data base. I have always aspired to be as creative as Colin Clark in distilling scholarly truths from poor and obscure data.

Suggested Citation

  • Lawrence R. Klein, 1988. "Global Monetarism," Palgrave Macmillan Books, in: Duncan Ironmonger & J. O. N. Perkins & Tran Hoa (ed.), National Income and Economic Progress, chapter 9, pages 168-176, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19340-0_10
    DOI: 10.1007/978-1-349-19340-0_10
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