This groundbreaking series brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and each volume focuses on those Laureates working in the same broad area of study.

Contents: Acknowledgements General Introduction PART I TRYGVE HAAVELMO Introduction to Part I Howard R. Vane and Chris Mulhearn 1. Trygve Haavelmo (1943a), ‘The Statistical Implications of a System of Simultaneous Equations’ 2. Trygve Haavelmo (1943b), ‘Statistical Testing of Business-Cycle Theories’ 3. Trygve Haavelmo (1944), ‘The Probability Approach in Econometrics’ 4. M.A. Girshick and Trygve Haavelmo (1947), ‘Statistical Analysis of the Demand for Food: Examples of Simultaneous Estimation of Structural Equations’ PART II JAMES J. HECKMAN Introduction to Part II Howard R. Vane and Chris Mulhearn 5. James Heckman (1974), ‘Shadow Prices, Market Wages and Labor Supply’ 6. James J. Heckman (1976), ‘A Life-Cycle Model of Earnings, Learning, and Consumption’ 7. James J. Heckman (1979), ‘Sample Selection Bias as a Specification Error’ 8. James Heckman (1990), ‘Varieties of Selection Bias’ 9. Stephen V. Cameron and James J. Heckman (1998), ‘Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts of American Males’ 10. James J. Heckman, Thomas M. Lyons and Petra E. Todd (2000), ‘Understanding Black-White Wage Differentials, 1960–1990’ PART III DANIEL L. McFADDEN Introduction to Part III Howard R. Vane and Chris Mulhearn 11. Daniel McFadden (1974), ‘Conditional Logit Analysis of Qualitative Choice Behavior’ 12. Daniel McFadden (1975), ‘The Revealed Preferences of a Government Bureaucracy: Theory’ 13. Daniel McFadden (1976), ‘The Revealed Preferences of a Government Bureaucracy: Empirical Evidence’ 14. Daniel McFadden (1978), ‘Modelling the Choice of Residential Location’ PART IV ROBERT E. ENGLE Introduction to Part IV Howard R. Vane and Chris Mulhearn 15. Robert F. Engle (1982), ‘Autoregressive Conditional Heteroscedasticity With Estimates of the Variance of United Kingdom Inflation’ 16. Robert F. Engle, David M. Lilien and Russell P. Robins (1987), ‘Estimating Time-Varying Risk Premia in the Term Structure: the ARCH-M Model’ 17. Robert F. Engle and C.W.J. Granger (1987), ‘Co-integration and Error Correction: Representation, Estimation and Testing’ PART V CLIVE W.J. GRANGER Introduction to Part V Howard R. Vane and Chris Mulhearn 18. C.W.J. Granger (1969), ‘Investigating Causal Relations by Econometric Models and Cross–Spectral Methods’ 19. J.M Bates and C.W.J. Granger (1969), ‘The Combination of Forecasts’ 20. C.W.J. Granger and P. Newbold (1974), ‘Spurious Regressions in Econometrics’ 21. C.W.J. Granger (1981), ‘Some Properties of Time Series Data and Their Use in Econometric Model Specification’ 22. C.W.J. Granger and A.A. Weiss (1983), ‘Time Series Analysis of Error Correction Models’ Name Index