Economics and the Price Index - S.N. Afriat & Carlo Milana

Economics and the Price Index

By S.N. Afriat & Carlo Milana

  • Release Date: 2008-11-26
  • Genre: Business & Personal Finance
Economics and the Price Index book review score

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Economics and the Price Index S.N. Afriat & Carlo Milana Book Review Score: ★★★★★ 5/5 stars

The price index, a pervasive long established institution for economics, is a number issued by the Statistical Office that should tell anyone the ratio of costs of maintaining a given standard of living in two periods where prices differ. For a chain of three periods, the product of the ratios for successive pairs must coincide with the ratio for t

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