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Business & Economics Theory

Separability and Aggregation

The Collected Works of W. M. Gorman, Volume I

by (author) W.M. Gorman

edited by C. Blackorby & A.F. Shorrocks

Publisher
Oxford University Press
Initial publish date
Nov 1995
Category
Theory
  • Hardback

    ISBN
    9780198285212
    Publish Date
    Nov 1995
    List Price
    $190.00

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Description

W.M.(Terence) Gorman has been a major figure in the development of economies during the past forty years. His publications on separability, aggregation, duality and the modelling of consumer demand are recognized as fundamental contributions to economic theory. Many of his unpublished papers have achieved similar status as privately-circulated classics.

This volume brings together for the first time all Gorman's important work, much of which has never been published before, on aggregation across commodities and agents, including separability, budgeting, representative agents, and the construction of capital and labour aggregates. Each chapter is preceded by an editorial introduction which describes its origin and place within the literature as well as the main results themselves. A forthcoming second volume, Modelling and Methodology, will cover topics on duality, demand, trade, and welfare.

This book will appeal to academic economists interested in either specific aspects of Gorman's work or in the evolution of economic theory.

About the authors

Contributor Notes

W. M. Gorman is at Nuffield College, Oxford. C. Blackorby is at University of British Columbia. A. Shorrocks is at University of Essex.

Editorial Reviews

'Twenty-six papers, twelve previously published, bring together the author's important work on aggregation across the commodities and agents.' Journal of Economic Literature

'The editors have to be congratulated for having done a superb job in editing the collection which for most papers meant writing a preface on historical, editorial, and substantive significance. Without these prefaces only Gorman himself could find his way around in the myriad of mathematical formulas.' Journal of Economics