The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability [[Postroenie indeksov. Uchenie ob ih raznovydnostyah, testah y dostovernosty]

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Scarce first Russian edition of 'The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability', published in 1922. The publication is supplemented with information specific to the USSR market, such as 'Russian indices'. Irving Fisher was one of America s greatest mathematical economists and one of the clearest economics writers of all time. He had the intellect to use mathematics in virtually all his theories and the good sense to introduce it only after he had clearly explained the central principles in words. And he explained very well. The Fisher index is a price index that combines the Laspeyres and Paasche price indexes. It's considered the 'ideal' price index because it corrects for the biases inherent in the Laspeyres and Paasche methods. The Fisher index is calculated as the geometric mean of the two, making it a more accurate measure of price changes when both prices and quantities of goods and services change over time. Occasional spots and traces of time, overall sounds. N° de ref. del artículo ABE-1749812705569

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