NORTON (John Pease).
Statistical Studies in the New York Money-Market. Preceded by a Brief Analysis Under the Theory of Money and Credit with Statistical Tables, Diagrams and Folding Chart.
FROM THE LIBRARY OF ROYAL STATISTICAL SOCIETY
The published version of the American economist John Pease Norton’s doctoral thesis submitted at Yale, where Norton was colleagues with the great economist Irving Fisher. Norton’s book is particularly significant for its use of correlation analysis to investigate the relationship between bank reserves and credit. Judy L. Klein has described Norton’s work as one of the first attempts “to use serial differences in statistical analysis”.
Provenance: from the celebrated library of the Royal Statistical Society, with their round booklabel to front cover and library stamps to title pages and occasional throughout the text.