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The Econometricians

Gauss, Galton, Pearson, Fisher, Hotelling, Cowles, Frisch and Haavelmo

  • Colin Read

Part of the Great Minds in Finance book series (GMF)

Table of contents

  1. Front Matter
    Pages i-xxi
  2. Mathematicians and Astronomers

    1. Front Matter
      Pages 1-1
    2. Colin Read
      Pages 11-31
    3. Colin Read
      Pages 33-56
  3. From Least Squares to Eugenics

    1. Front Matter
      Pages 65-66
    2. Colin Read
      Pages 67-73
    3. Colin Read
      Pages 75-80
    4. Colin Read
      Pages 83-87
    5. Colin Read
      Pages 89-97
  4. The Formation of Modern Statistics

    1. Front Matter
      Pages 109-109
    2. Colin Read
      Pages 111-120
    3. Colin Read
      Pages 121-128
    4. Colin Read
      Pages 129-137
    5. Colin Read
      Pages 139-148
    6. Colin Read
      Pages 149-158
    7. Colin Read
      Pages 159-163
    8. Colin Read
      Pages 165-169
  5. The Birth of a Commission and Econometrics

    1. Front Matter
      Pages 175-175
    2. Colin Read
      Pages 177-186
    3. Colin Read
      Pages 187-189
    4. Colin Read
      Pages 191-198
    5. Colin Read
      Pages 201-204
    6. Colin Read
      Pages 205-210
    7. Colin Read
      Pages 211-217
    8. Colin Read
      Pages 219-222
    9. Colin Read
      Pages 223-226
    10. Colin Read
      Pages 227-230
    11. Colin Read
      Pages 231-239
    12. Colin Read
      Pages 241-243
  6. What We Have Learned

    1. Front Matter
      Pages 245-245
    2. Colin Read
      Pages 247-249
  7. Back Matter
    Pages 251-261

About this book

Introduction

This is the seventh book in a series of discussions about the great minds in the history and theory of finance. While the series addresses the contributions of scholars in our understanding of financial decisions and markets, this seventh book describes how econometrics developed and how its underlying assumptions created the underpinning of much of modern financial theory. The author shows that the theorists of econometrics were a mix of mathematicians and cosmologists, entrepreneurs, economists and financial scholars. The author demonstrates that by laying down the foundation of empirical analysis, they also forever determined the way in which we think about financial returns and the vocabulary we employ to describe them. Through this volume, the reader can discover the life stories, inspirations, and theories of Carl Friedrich Gauss, Francis Galton, Karl Pearson, Ronald Aylmer Fisher, Harold Hotelling, Alfred Cowles III, Ragnar Frisch, and Trygve Haavelmo, specifically. We learn how each theorist made an intellectual leap simply by thinking about a conventional problem in an unconventional way.

Keywords

Econometrics Statistics Economics theory Empirical Analysis History of Financial Thought Financial Returns European History

Authors and affiliations

  • Colin Read
    • 1
  1. 1.Professor of Economics and Finance former Dean of the School of Business and EconomicsThe State University of New York at Plattsburgh (SUNY)USA

Bibliographic information

  • DOI https://doi.org/10.1057/978-1-137-34137-2
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-137-34136-5
  • Online ISBN 978-1-137-34137-2
  • Buy this book on publisher's site
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