Price and Quantity Index Numbers

Discover the groundbreaking work of Bert M. Balk in Price and Quantity Index Numbers, published by Cambridge University Press in 2012. This essential text offers the first comprehensive exploration of index number theory since Irving Fisher's influential 1922 publication, The Making of Index Numbers. Spanning 300 pages, Balk delves into critical topics including intertemporal and interspatial comparisons, ratio- and difference-type measures, and both discrete and continuous time environments. The book also examines upper- and lower-level indices, all while being guided by profound economic insights. Balk's instrumental or axiomatic approach makes this book a must-have for anyone interested in price indexes and their applications in economics. Enhance your understanding of index numbers with this authoritative resource that bridges historical context with modern analysis.