The Cowles Commission <Back to Last Page>     <Full Glossary>

Definition of The Cowles Commission: The Cowles Commission was a 1950s panel on econometrics which focused attention on the problem of simultaneous equations. In some tellings of the history this had an impact on the field -- other problems such as errors-in-variables (measurement errors in the independent variables), were set aside or given lower priority elsewhere too because of the prestige and influence of the Cowles Commission. (Econterms)

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