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The Econometric Society holds a World Congress every five years. The programme of these congresses has traditionally included a series of invited symposia, where speakers survey important recent advances in economic theory and econometrics. These two volumes, with their focus on…
1. The effect of social security on saving / Martin S. Feldstein -- 2. Philosophy and objectives of econometrics / Arnold Zellner -- 3. Aggregate consumer behaviour and individual welfare / Dale W. Jorgenson, Lawrence J. Lau and Thomas Stoker -- 4. A review of recent work on tes…