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August 16, 2006
Jan Kmenta: Elements of Econometrics
I washed the windows of a semi-famous author today. He's a professor at the UofM. I realized he must have wrote the book when I saw 10 copies on a bookshelf and a giant cardboard box version in the basement. His book is on Amazon.
According to the review it's a classic:
This classic text has proven its worth in university classrooms and as a tool kit in research--selling over 40,000 copies in the United States and abroad in its first edition alone. Users have included undergraduate and graduate students of economics and business, and students and researchers in political science, sociology, and other fields where regression models and their extensions are relevant. The book has also served as a handy reference in the "real world" for people who need a clear and accurate explanation of techniques that are used in empirical research.
Throughout the book the emphasis is on simplification whenever possible, assuming the readers know college algebra and basic calculus. Jan Kmenta explains all methods within the simplest framework, and generalizations are presented as logical extensions of simple cases. And while a relatively high degree of rigor is preserved, every conflict between rigor and clarity is resolved in favor of the latter. Apart from its clear exposition, the book's strength lies in emphasizing the basic ideas rather than just presenting formulas to learn and rules to apply.
Posted by cory at August 16, 2006 4:46 PM