A collection of essays by the author Richard E. Quandt which attempt to assess the range of his contribution to the development of 20th century economic theory. Amongst the areas covered are microtheory, general econometrics, disequilibrium modelling and financial economics.

Professor Richard Quandt has made a major contribution to the development of economics in the 20th century. The range and significance of his work has long required a collection of his essays which will allow his contribution to be assessed as a whole. Despite an early interest in microeconomic theory, Richard Quandt has devoted most of his career to econometrics and, in particular, modal split estimation. More recently his work has focused on the econometrics of disequilibrium models with reference to both free market and planned economies. As well as outlining his many articles in microtheory, general econometrics, disequilibrium modeling, financial economics and the economics of planned economies, this collection should have a particular value for all scholars interested in the emergence of the new economies in Eastern Europe, a subject to which Professor Quandt has applied himself in recent years. This book includes an introduction by Professor Quandt describing his early life in Budapest and the circumstances which led him to study economics in America.

Volume 1 Part 1 Microeconomic theory: a probabilistic theory of consumer behaviour, R.E. Quandt
on the existence of Cournot equilibrium, C.R. Frank Jr. and R.E. Quandt
on the stability of price adjusting oligopoly, R.E. Quandt
the dynamics of the number of firms in an industry, E.P. Howrey and R.E. Quandt
rules of thumb and optimally imperfect decisions, W.J. Baumol and R.E. Quandt
complexity in regulation, R.E. Quandt
investment and discount rates under capital rationing - a programming approach, W.J. Baumol and R.E. Quandt
an experimental study of the simplex method, H.W. Kuhn and R.E. Quandt
on the upper bound for the number of iteration in solving linear programs, H.W. Kuhn and R.E. Quandt
on an integer program for a delivery program, M.L. Balinski and R.E. Quandt. Part 2 General econometrics: the estimation of the parameters of a linear regression system obeying two separate regimes, R.E. Quandt
tests of the hypothesis that a linear regression system obeys two separate regimes, R.E. Quandt
a new approach to estimating switching regressions, R.E. Quandt
a Markov model for switching regressions, S.M. Goldfeld and R.E. Quandt
some statistical characterizations of aircraft hijacking, R.E. Quandt
estimating mixtures of normal distributions and switching regressions, J.B. Ramsey and R.E. Quandt
a comparison of methods for testing nonnested hypotheses, R.E. Quandt
on the size distribution of firms, R.E. Quandt
some tests for homoscedasticity, S.M. Goldfeld and R.E. Quandt
on certain small sample properties of k-class estimators, R.E. Quandt
nonlinear simultaneous equations - estimation and prediction, S.M. Goldfeld and R.E. Quandt
the demand for abstract transport modes - theory and measurement, W.J. Baumol and R.E Quandt
estimation of modal splits, R.E. Quandt
maximization by quadratic hill-climbing, S.M. Goldfeld et al. Volume 2 Part 1 Disequilibrium econometrics: estimation in a disequilibrium model and the value of information, S.M. Goldfeld and R.E. Quandt
tests of the equilibrium vs. disequilibrium hypotheses, R.E Quandt
a note on estimating disequilibrium models with aggregation, R.E. Quandt
single-market disequilibrium models - estimation and testing, S.M. Goldfeld and R.E. Quandt
estimation in multimarket disequilibrium models, S.M. Goldfeld and R.E Quandt
econometric modelling with non-normal disturbances, S.M. Goldfeld and R.E. Quandt
switching between equilibrium and disequilibrium, R.E Quandt.