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Category: Computing

__________________________ One detects George Stigler’s style in the justification below for the purchase of two pieces of calculating equipment for the use of economics faculty at Columbia in 1948: “…the economist requires more than a library, a pen, a desk, and possibly a crystal-ball to prosecute his studies. He requires empirical material, lots of it,

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Here is an item to file away under the cost of computing. Henry Schultz, the young hot-shot professor for mathematical economics and statistics wanted a fully-automatic Monroe calculator with an electric motor drive (pictured above). With discounts, the calculator and stand cost $631.  To get a relative price (in a hurry), I note that the

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