A note of dissent on the 'index number' interpretation of Adam Smith's 'real measure'
批评了将亚当·斯密的‘交换价值的真实尺度’解释为旨在解决指数问题的观点,认为该尺度无法承担此角色,且斯密本人也意识到其局限性。
This paper offers a critical comment on the interpretation that Adam Smith's 'real measure of exchangeable value' was addressed, at least in part, to the index number problem of estimating intertemporal changes in general purchasing power. It is argued that the 'real measure' is incapable of performing such a role, that Smith was aware of its limitations in this respect, and that commentators have been misled by his (legitimate) use of the measure in more restrictive contexts. Copyright The Author 2008. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.