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Drobisch's Legacy to Price Statistics

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  • Ludwig von Auer
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    Abstract

    In order to provide information concerning the significant contributions to price index theory made by Moritz Wilhelm Drobisch (1802-1896), this paper presents an account of his pioneering scientific achievements together with a synopsis of his personal and professional life. He was the first to formulate the unit value index as well as the Laspeyres and Paasche price indices. These three indices are the key for the official inflation measurements that are made around the world today.

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    File URL: http://www.uni-trier.de/fileadmin/fb4/prof/VWL/EWF/Research_Papers/2010-05.pdf
    File Function: First version, 2010
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    Bibliographic Info

    Paper provided by University of Trier, Department of Economics in its series Research Papers in Economics with number 2010-05.

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    Length: 22 pages
    Date of creation: 2010
    Date of revision:
    Handle: RePEc:trr:wpaper:201005

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    Keywords: Price; Inflation; Index Theory; Measurement;

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