Richard Stone

Also known as John Richard Nicholas Stone, Professor Sir John Richard Nicholas Stone, Sir John Richard Nicholas Stone

British economist, Nobel Memorial Prize winner (1913-1991)

Person · Open Library

Born: 1951 Mar. 7
Works: 48

Top works

Law of agency
The Modern Law of Contract
Modern Law of Contract
Modern Law of Contract
Memory Stick Modern Law of Contract 6/e + Q&A Contract Law 6

via Open Library + Wikidata

Music · MusicBrainz

Type: Group
Origin: United Kingdom
Active from: 1962

bluesblues rockbritishbritish rhythm & bluesclassic rockpop rock

Discography

England’s Newest Hit Makers1964
12 × 51964
The Rolling Stones No. 21965
The Rolling Stones, Now!1965
Out of Our Heads1965
December’s Children (and Everybody’s)1965
Aftermath1966
Between the Buttons1967
Their Satanic Majesties Request1967
Beggars Banquet1968

Official site Discogs Stream

via MusicBrainz · CC0

Listeners · Last.fm

Listeners: 1,549
Total plays: 12,322

Recent publications · Crossref

5 total works indexed

The Measurement of Observer Agreement for Categorical Data
· 1977 · cited 61,793x
The Sequence Alignment/Map format and SAMtools
· 2009 · cited 58,229x
Fast and accurate short read alignment with Burrows–Wheeler transform
· 2009 · cited 46,840x
ImageNet: A large-scale hierarchical image database
· 2009 · cited 46,289x
Highly accurate protein structure prediction with AlphaFold
· 2021 · cited 41,730x

via Crossref · CC0

Quotes

“Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.”
“We usually find a considerable degree of correlation between indicators and also between different sets of weights that we should ever think of using. Consequently we are likely to find that alternative index numbers using different weights show similar and often approximately proportionate movements. That this is so in most economic applications is due to the nature of the actual world and not simply to the formal characteristics of index number techniques.”
“The usefulness of observation and measurement in testing economic theories arises because the theorems of economics are supposed to relate to the actual world... Any economic theorem rigorously deduced from given postulates may be regarded as a hypothesis about the actual world which xperience may show to be false.”
“I have tried to make clear in this brief sketch of the nature of deductively formulated theories, at least as they occur in economics, that, although their origin lies in common observation and introspection, nevertheless they are capable of a purely mathematical development through the exact statement of a of a set of postulates which, however, since they must inevitably contain assumptions about human behaviour, require to be tested by reference to actual events.”
“There is no hope, as far as I can see, of pushing the postulates of economic theory back to a set of irreducible axioms.”
“A choice may have to be made between a biased estimator which is believed to be relatively accurate and an unbiased estimator which is demonstrably highly inefficient, and it is by no means obvious that the latter is always to be preferred.”

via Wikiquote · CC BY-SA

Key facts

Born: ( 1913-08-30 ) 30 August 1913, London, England
Died: 6 December 1991 (1991-12-06) (aged 78), Cambridge, England
Alma mater: Gonville and Caius College, Cambridge , King's College, Cambridge
Influences: James Meade , Colin Clark
Discipline: Economics
Institutions: Cambridge University
Doctoral students: James Mirrlees , Angus Deaton
Notable ideas: National accounts , input-output
Awards: Nobel Memorial Prize in Economic Sciences (1984)
Website: Information at IDEAS / RePEc

via Wikipedia infobox

Wikidata facts

Number of children: 1

Show 3 more facts

date of birth: 1913-08-30
date of death: 1991-12-06
name in native language: Sir John Richard Nicholas Stone

Sources (4)

via Wikidata · CC0

~8 min read

Article

Sir John Richard Nicholas Stone CBE FBA (30 August 1913 – 6 December 1991) was an eminent British economist. He was educated at Gonville and Caius College and King's College at the University of Cambridge. In 1984, he was awarded the Nobel Memorial Prize in Economic Sciences for developing an accounting model that could be used to track economic activities on a national and, later, an international scale.

Early life and education