Measurement, Quantification and Economic Analysis: Numeracy in Economics

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9780415089159: Measurement, Quantification and Economic Analysis: Numeracy in Economics
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Most economists assume that the mathematical and quantative sides of their science are relatively recent developments. Measurement, Quantification and Economic Analysis shows that this is a misconception. Its authors argue that economists have long relied on measurement and quantification as essential tools.
However, problems have arisen in adapting these tools from other fields. Ultimately, the authors are sceptical about the role which measurement and quantification tools now play in contemporary economic theory.

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Ingrid H. Rima is Professor of Economics at Temple University.

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Professor Ingrid Rima, one of this era's principal interpreters of the evolution of economic thinking, has organized a volume showing that quantification of empirical phenomena in economics is neither a modern scientific approach nor one without its historic critics. Rather, it is a valuable approach, often crafted by geniuses, but one with a long history of expressed caveats. Once again she has shown the usefulness of examining past discoveries, enthusiasms, and criticisms.
–Mark Perlman

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