Business and the Making of American Econometrics, 1910–1940

Stapleford, Thomas A.

doi:10.1215/00182702-3876469

Cited by 2 publications

(2 citation statements)

References 53 publications

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“…Facing a growing need to forecast prices, businesspeople became strongly interested in market information, particularly in agricultural statistics like price series (Stapleford 2017). Hence, during the 1920s, a convergence occurred between businesspeople's and farmers' interest in receiving market information.…”

Section: The Growing Demand For Economic Information Of Market Participants (1862-1926)mentioning

confidence: 99%

"The Eyes and Ears of the Agricultural Markets": A History of Information in Interwar Agricultural Economics

Delcey¹,

Noblet

2021

SSRN Journal

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This article offers a historical analysis of the contributions of U.S. interwar agricultural economics to the economics of information. Concerned with improving the circulation of information on agricultural markets, agricultural economists analyzed the relationship between agents' information and the behavior of prices on agricultural commodity exchanges, thus anticipating modern debates on informational efficiency. We show that these debates were part of a more general context of agricultural market reform led by the U.S. administration to improve the production and diffusion of economic information. We argue that such reforms were a prerequisite for theoretical discussions on information, and established institutional tools that are still active today, such as the USDA market news service.In 2015, the USDA celebrated the centenary of its market news service (Alonzo 2017).The market news service chiefly aims to provide market participants with free and unbiased information on prices on the agricultural commodities market. USDA's first radio report in 1915 broadcast to growers and shippers the prices of strawberries, tomatoes, cantaloupes, peaches, and pears. Today, the USDA market news service still provides * The authorship of this expression must be attributed to Nils A. Olsen, chief of the Bureau of Agricultural Economics in the USDA in 1933.

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Section: The Growing Demand For Economic Information Of Market Participants (1862-1926)mentioning

confidence: 99%

"The Eyes and Ears of the Agricultural Markets": A History of Information in Interwar Agricultural Economics

Delcey¹,

Noblet

2021

SSRN Journal

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“…New price-based measures monetised human behaviour, personal skills and cultural preferences as capitalised pecuniary investments, legitimising modern capitalism's boom-and-bust cycles and uniting diverse industries with shared interests and concerns (Friedman 2014;Stapleford 2017). As both major consumers and producers of economic statistics, these insights into the norm-shaping capacity of statistics offers a powerful interdisciplinary aid to accounting, business and management academics.…”

Section: Introductionmentioning

confidence: 99%

Averages, indexes and national income: accounting for progress in colonial Australia

Huf

2019

Accounting History Review

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Economic statistics are now such an ingrained feature of everyday political discourse that they have recently become ripe as topics of historical scrutiny. This study contributes to this scholarship by shifting attention from what has been a largely American-Anglo discussion to the innovations of prominent Australian statists in the colonial and early Federation periods. In contrast to recent approaches that have treated economic statistics as emerging during the twentieth century as a discrete body of knowledge distinct from nineteenth-century 'moral statistics', this history is approached as an exercise in 'accounting in history'. It highlights both patterns and discontinuities in governmental deliberations that facilitated statistical innovation, historicising and complicating the relationship between economics and statistics as domains of knowledge. By drawing attention to the tensions and overlaps of successive intellectual projects engaged by Australian government statisticiansdescribed here in terms of transparency and control; the average man and colonial progress; the breadwinner and national wealth; the human unit and the social organism; and the consumer and 'the economy'it develops new perspectives on why calculations of economic averages, indexes and national income emerged as devices of government. As major producers and consumers of contemporary economic statistics, such perspectives might provide fresh epistemological and interdisciplinary grounding for business and management scholars.

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Business and the Making of American Econometrics, 1910–1940

Cited by 2 publications

References 53 publications

"The Eyes and Ears of the Agricultural Markets": A History of Information in Interwar Agricultural Economics

"The Eyes and Ears of the Agricultural Markets": A History of Information in Interwar Agricultural Economics

Averages, indexes and national income: accounting for progress in colonial Australia

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