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National Economic Statistics

Published online by Cambridge University Press:  11 August 2014

H. C. Cottrell
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Extract

Actuaries are closely interested in the economic state of the nation, both as ‘scientific financiers’ and as citizens of a democracy, but this interest involves them in a dilemma: although it is possible to obtain only a hazy picture of the whole, even by devoting all of one's time to the study of economic affairs, yet for the majority this subject can be only a sideline. Each actuary must therefore make his own decisions, first as to how much time he can spare, and second as to which aspects of the nation's economy he might most profitably study. These two decisions will depend on the particular actuary's interests and employment, and on the state of the nation's economy at the time.

This paper discusses one selection of economic data, comprehensive enough to give a reliable impression of the nation's economy, yet short enough to permit frequent examination.

Type
Research Article
Information
Journal of the Staple Inn Actuarial Society , Volume 10 , Issue 2 , March 1951 , pp. 86 - 118
Copyright
Copyright © Institute of Actuaries Students' Society 1951

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References

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