Discussion Paper 1010, "Econometrics and Psychometrics – Rivers out of Biometry", by John Aldrich
At the beginning of the 20th century economists and psychologists began to use the statistical methods developed by the English biometricians. This paper sketches the development of psychometrics and econometrics out of biometry and makes some comparisons between the three fields. The period covered is 1895-1925.
Keywords: History of econometrics, statistics, biometry, factor analysis, path analysis.
JEL Classification: B816.