Aggregation, Consumption and Trade : Essays in Honor of H.S. Houthakker

In this testament to the distinguished career of H.S. Houthakker a number of Professor Houthakker's friends, former colleagues and former students offer essays which build upon and extend his many contributions to economics in aggregation, consumption, growth and trade. Among the many distinguished contributors are Paul Samuelson, Werner Hildenbrand, John Muellbauer and Lester Telser. The book also includes four previously unpublished papers and notes by its distinguished dedicatee. Front Matter....Pages i-vii Introduction....Pages 1-8 The Fitness Maximized by the Classical Canonical Economy: A Theme from Houthakker and R.A. Fisher....Pages 9-19 Income and Price Sensitivity in Consumer Demand Analysis....Pages 21-36 Cross-Section Engel Curves, Expenditure Distributions, and the “Law of Demand”....Pages 37-53 Tests of Dynamic Specification and Homogeneity in a Demand System....Pages 55-98 Specification and Estimation of Dynamic Demand Systems....Pages 99-119 Remarks on the Power of Non-Parametric Tests of Consumer-Theory Hypotheses....Pages 121-135 Brain Structure and Consumption Dynamics....Pages 137-157 Corners in Organized Futures Markets....Pages 159-167 Oil Futures and Strategic Stocks at Sea....Pages 169-196 The Effect of Income and Prices on Protection and Rent Seeking in the U.S., 1950–1986....Pages 197-216 Four Unpublished Papers and Notes of H.S. Houthakker....Pages 217-218 Are there Laws of Consumption?....Pages 219-223 The Dynamics of Total Consumption and Saving....Pages 225-245 On a Class of Dynamic Demand Functions....Pages 247-254 Proposed Technique for Estimating Demand Functions from Time Series....Pages 255-256 Back Matter....Pages 257-264