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Smith'S Use Of Data

In: Selected Papers Of Lawrence R Klein: Theoretical Reflections And Econometric Applications

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  • Kanta Marwah

    (Carleton University, Canada)

Abstract

Adam Smith was a professor of moral philosophy, and he is appropriately remembered for the underlying philosophical foundations that he provided for modern economics, yet The Wealth of Nations is full of quantitative analysis that is not explicitly philosophical, and I propose to look into his digressions into economic time series, in particular his analysis of wheat prices and related matters in Chap. XI, “Of the rent of the land” which rounds out Book I…

Suggested Citation

  • Kanta Marwah, 1997. "Smith'S Use Of Data," World Scientific Book Chapters, in: Kanta Marwah (ed.), Selected Papers Of Lawrence R Klein: Theoretical Reflections And Econometric Applications, chapter 17, pages 311-322, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812830333_0017
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    Keywords

    Macroeconomics: Theory; Policy Formation; Reconsiderations; Macroeconometric Models: Methodology; Forecasting; Debate; Prospects; International Economics: Capital Flows; Exchange Rates; Expectations;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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