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Irving Fisher and Index Number Theory

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  • Diewert, Erwin

Abstract

There are four main approaches to bilateral index number theory: the fixed basket, stochastic, test and economic approaches. The paper reviews the contributions of Irving Fisher to these approaches to index number theory which are still in use today. The paper also reviews Fisher’s contributions to multilateral index number theory. The main themes of the paper are developed in the context of a review of the early history of index number theory: a history that conveys a wealth of information and insight into the making and use of index numbers today.

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File URL: http://faculty.arts.ubc.ca/ediewert/dp1202.pdf
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Bibliographic Info

Paper provided by Vancouver School of Economics in its series Economics working papers with number erwin_diewert-2012-9.

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Length: 38 pages
Date of creation: 01 Mar 2012
Date of revision: 01 Mar 2012
Handle: RePEc:ubc:bricol:erwin_diewert-2012-9

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Web page: http://www.economics.ubc.ca/

Related research

Keywords: Price indexes; quantity indexes; bilateral price indexes; multilateral price indexes; the Fisher ideal index; the test approach to index number theory;

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