Introduction to papers on stochastic processes

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Introduction to papers on stochastic processes

Author:: Steindl, Josef

Scope:: Typoskript, Kopie, 3 Blätter

Year of publication:: 1989

Source material date:: [vermutlich um 1989]

Language:: English

Description:: The following papers on stochastic processes have been separated from the others because their prospective readers are presumably a separate class, too. I do not like it this way, though. I would rather like to bridge the gap between the two subsets of my readers and to convey to them the fundamental unity of purpose and outlook of my endeavours. (excerpt, p. 1)

Note:: Titel fingiert. Text eine frühe Fassung der Einleitung für den Teil "Stochastic Processes" in den "Economic Papers". Hier als Teil II betitelt, in der Endfassung Teil IV.

Related work:: Steindl, Josef: Introduction. In: Steindl, Josef: Economic Papers 1941-88. London: Macmillan, 1990, S. 319-320

JEL Classification:: C46 [Specific Distributions, Specific Statistics]

Shelfmark:: S/M.58.2

Access:: Free access

models (Random processes, Chapter II) shows, the Pareto distribution would not exist. Thus my investigations, tentative though they are, go beyond the conditions in which the ergodic theorem holds, and which the physicists have already studied in such great detail: The statistical mechanics from Gibbs to Kolmogoroff and Khintchine. Finally it may be mentioned that the stochastic problems are nearer than most other economics to the kind of question asked in science. They are inspired by the observation of regularities while most other economic questions are directly or indirectly linked to economic policy problems or to ideology. The difference ultimately may be only gradual because also the stochastic models embody themes which are clearly linked to "political" questions such as / for example^ the role which free entry and social mobility plays for the distribution

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