Models and Projections of Demand in Post-War Britain

This book explores consumer behavior in post-war Britain, detailing methodologies and findings from previous research on demand projections.

In Models and Projections of Demand in Post-War Britain, the author revisits the linear expenditure system introduced in a 1954 paper, reflecting on the methodologies and results that emerged from it. The initial crude estimation method provided intriguing insights into consumer behavior, generating results that were, in many respects, satisfactory. These findings found their way into various publications, demonstrating the significance of the research in understanding post-war consumption patterns.

The book discusses the evolution of the research, noting that while five papers were initially announced in the earlier series, only four were published. The fifth paper, which aimed to explore consumption functions, is now presented as the first in this new series. This inclusion highlights the ongoing relevance of the topic and the advancements made in the field over the past decade.

The author reflects on the challenges faced during the research process, particularly in achieving parameter estimates that converged with the available computing resources of the time. Despite the limitations, the findings contributed to a deeper understanding of consumer behavior in post-war Britain, making Models and Projections of Demand in Post-War Britain a valuable resource for economists and historians alike.