Study week on the econometric approach to development planning

Bibliographic data

Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Selection and implementation the econometrics of the future / Ragnar Frisch, Universitetet i Oslo - Sosialøkonomisk Institutt - Oslo- Norge

Collection:: Economics Books

216 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 25 are very effective in the long run as conveyors of information and of incentives, but that in the short run a good deal of quantity infor- mation goes back and forth between suppliers and demanders in all markets. My question to Professor FriscH is whether in his bleuprint for the operation of a planning system he does not need also to provide for circulation of quantity information at all levels, or whether he thinks prices alone will be sufficient. VMAHALANOBIS I should like to make a few observations at two levels from the point of view of a country like India. First, I share the doubt expressed by Dr. Koopmans whether a political leader or an admi- nistrator or someone who is responsible for decision-making would be able to understand the implications of econometric choices. Secondly, even if he does understand some thing at a technical level, whether he would be able to influence the political or social decisions in accordance with econometric consideration. And thirdly, whether such a leader would not make mistakes which would have their own consequences. I believe there is a good deal of validity in the doubt to which Professor Koopmans has given expression. I have myself continually faced the type of question asked not only by Professor FRISCH when he was in India several years ago, but also continually since then in connexion with planning. Even when somebody would like, would have felt it advisable, to make a decision one way, he might have to remain silent because of uncertainties of the political consequences. This is a serious difficulty. I am speaking from experience. This is, however, only one level. At another level, I should very warmly welcome the outlook of Professor FRISCH because I believe this would be of great educative value. I welcome this imaginative approach, not because I think a push-button type of dcision can be achieved immediately or even in a few years but because I believe his outlook and his approach can be very important factors in an educative process, at the decision- 17] Frisch - pag. 20

Access restriction

Copyright

fullscreen: Study week on the econometric approach to development planning

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation