An Introduction to the theory of statistics

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Monograph

Identifikator:: 1751730271

URN:: urn:nbn:de:zbw-retromon-127610

Document type:: Monograph

Author:: Yule, George Udny http://d-nb.info/gnd/12910504X

Title:: An Introduction to the theory of statistics

Edition:: 8. ed. rev

Place of publication:: London

Publisher:: Griffin

Year of publication:: 1927

Scope:: XV, 422 S; Ill., Diagr

Digitisation:: 2021

Collection:: Economics Books

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STATIC ECONOMICS AND BUSINESS FORECASTING 13 cannot go far. Nowhere is a grasp of general economic theory more necessary than in the study of money and banking. The theory of value and prices is essential in the study of marketing. The theory of wages is necessary to the study of labor problems. The backbone of the study of rate-making—an essential part of the subject of transportation—is to be found in the static doctrine of joint costs, which is not to be understood apart from the general theory of value and price. The whole course of what has gone before is concerned with showing how vital the general body of economic theory is to the study of the business cycle. Teachers of economics are emphatically unfair to “the young man” if they do not give him “a thorough grounding in theory.” The economist’s peculiar service in the study of business problems consists in his ability to see the whole business situation and the interrelations among businesses, where the well-informed man in a particular trade sees only a part. It is the purpose of general theory to give the student this comprehensive point of view.

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