Abstract:
Sir Richard Stone, knighted in 1978 and Nobel Laureate in Economics in 1984, is one of the pioneering architects of national income and social accounts, and is one of the few economists of his generation to have faced the challenge of economics as a science by combining theory and measurement within a cohesive framework. He was awarded the Nobel Prize in Economics for his but he has made equally significant contributions to the empirical analysis of consumer behavior. His work on the has also been instrumental in the development of appropriate econometric methodology for the construction and the analysis of large disaggregated macroeconometric models.
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