Measurement in economics : studies in mathematical economics and econometrics in memory of Yhuda Grunfeld / by Carl F. Christ, Milton Friedman, Leo A. Goodman, Zvi Griliches, Arnold C. Harberger, Nissan Liviatan, Jacob Nincer, Yair Mundlak, Marc Nerlove, Don Patinkin, Lester G. Telser, Henri Theil.

: In Memoriam / Yehuda Grunfeld, ix -- Bibliography of Yehuda Grunfeld, xiii -- 1. Theory and measurement of consumption -- 1. Windfalls, the "horizon," and related concepts in the permanent-income hypothesis / Milton Friedman, 3 -- 2. Tests of the permanent-income hypothesis based on a reinterview savings survey / Nissan Liviatan, 29 -- 3. Market prices, opportunity costs, and income effects / Jacob Mincer, 67 -- 4. Demand curves and consumer's surplus / Don Patinkin, 83 -- II. Theory and measurement of production, 115 -- 5. Capital stock in investment functions: some problems of concept and measurement / Zvi Griliches, 115 -- 6. Estimation of production and behavioral functions from a combination of cross-section and time-series data / Yair Mundlak, 138 -- 7. Returns to scale in electricity supply / Marc Nerlove, 167 -- III. Theory and measurement of monetary phenomena, 201 -- 8. Interest rates and "portfolio selection" among liquid assets in the U.S. / Carl F. Christ, 201 -- 9. The dynamics of inflation in Chile / Arnold C. Harberger, 219 -- IV. Econometric methodology, 253 -- 10. Tests based on the movements in and the comovements between m-dependent time series / Leo A. Goodman, 253 -- 11. Least-squares estimates of transition probabilities / Lester G. Telser, 270 -- 12. On the specification of multivariate relations among survey data / H. Theil, 293 -- Index, 315.