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 The book also includes four previously unpublished papers and notes by its distinguished dedicatee.

The Fitness Maximized by the Classical Canonical Economy: A Theme from Houthakker and R.A. Fisher.- Income and Price Sensitivity in Consumer Demand Analysis.- Cross-Section Engel Curves, Expenditure Distributions and the “Law of Demand”.- Tests of Dynamic Specification and Homogeneity in a Demand System.- Specification and Estimation of Dynamic Demand Systems.- Remarks on the Power of Non-Parametric Tests of Consumer-Theory Hypotheses.- Brain Structure and Consumption Dynamics.- Corners in Organized Futures Markets.- Oil Futures and Strategic Stocks at Sea.- The Effect of Income and Prices on Protection and Rent Seeking in the U.S., 1950 – 1986.- Introduction: Four Unpublished Papers by Hendrik S. Houthakker.- Are There Laws of Consumption?.- The Dynamics of Total Consumption and Savings.- On a Class of Dynamic Demand Functions.- Proposed Technique for Estimating Demand Functions from Time Series.- Publications of Hendrik S. Houthakker.