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The Problem of Aggregation of Individual Economic Relations; Consistency and Representativity in a Historical Perspective

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Measurement in Economics

Summary

It was already fairly late in the development of economic theory that aggregation of individual economic relations into macro relations was recognized as a serious problem. This is illustrated in this paper by pointing to the more or less incidental way in which aggregation problems are mentioned and solved in the older literature till the famous Econometrica debate in the late forties. In particular, we try to disentangle the notions of consistency and representativity.

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Author information

Authors and Affiliations

  1. Faculteit der Economische Wetenschappen, Erasmus University Rotterdam, Postbus 1738, 3000 DR, Rotterdam, The Netherlands

    J. van Daal

  2. Interfaculteit an Acuariele Wetenschappen en Econometrie an Boelelaan 1081, Vrije Universiteit Amsterdam, Amsterdam, The Netherlands

    A. H. Q. M. Merkies

Authors
  1. J. van Daal
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  2. A. H. Q. M. Merkies
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Editor information

Editors and Affiliations

  1. Institut für Wirtschaftstheorie und Operations Research, Universität Karlsruhe, 7500, Karlsruhe, Germany

    Wolfgang Eichhorn

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van Daal, J., Merkies, A.H.Q.M. (1988). The Problem of Aggregation of Individual Economic Relations; Consistency and Representativity in a Historical Perspective. In: Eichhorn, W. (eds) Measurement in Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-52481-3_41

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  • DOI: https://doi.org/10.1007/978-3-642-52481-3_41

  • Publisher Name: Physica, Heidelberg

  • Print ISBN: 978-3-642-52483-7

  • Online ISBN: 978-3-642-52481-3

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