Global Monetarism

Lawrence Klein

Chapter 9 in National Income and Economic Progress, 1988, pp 168-176 from Palgrave Macmillan

Abstract: Abstract The name of Colin Clark, as a pioneer in quantitative economics and econometrics, was known to me from the very first studies that I took up in economics, more than forty-five years ago. But one of the most impressive comments was in a periodic survey of economic and financial literature sent out by the Federal Reserve Board, where Colin Clark was described as a statistician who did creative work where other, more cautious, professionals feared to tread. I have often thought about that comment whenever I have felt the urge to work on a problem for which there was, of necessity, a weak and obscure data base. I have always aspired to be as creative as Colin Clark in distilling scholarly truths from poor and obscure data.

Keywords: Interest Rate; Industrial Country; Money Supply; National Income; Economic Progress (search for similar items in EconPapers)
Date: 1988
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DOI: 10.1007/978-1-349-19340-0_10

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