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Keus en kans in de theorie der economische politiek*

Jan Tinbergen

Statistica Neerlandica, 1956, vol. 10, issue 1, 19-25

Abstract: Choice and chance in the theory of economic policy. In this brief lecture “choice” refers to the aims of economic policy as well as to the instruments to be used. From this choice can be derived — as far as the relation between the economic parameters is known or postulated — the numerical value to be allotted to the free parameters (instruments of economic policy). “Chance” presents itself in different kinds of deviations which may occur between the calculated and the realised values of the economic phenomena.

Date: 1956
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