The True Index

S. N. Afriat

Chapter 3 in Demand, Equilibrium and Trade, 1984, pp 37-56 from Palgrave Macmillan

Abstract: Abstract The price index is a term belonging to a narrow part of the cost of living problem, but a most familiar and important part for both theory and practice. The use of it has a long history and a large literature; the theory is quite elaborate and a sketch can give the essential picture more readily than an extended account. Some of the main ideas are described here: points of history are touched on just to the extent that they are encountered, and theorems are stated discursively without proof.

Keywords: Price Index; Index Number; Purchasing Power; Equivalent Income; Demand Data (search for similar items in EconPapers)
Date: 1984
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DOI: 10.1007/978-1-349-06358-1_3

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