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This is a two-volume collection of major papers which have shaped the development of econometrics. Part I includes articles which together provide an overview of the history of econometrics, Part II addresses the relationship between econometrics and statistics, the articles in Part III constitute early applied studies, and Part IV includes articles concerned with the role and method of econometrics. The work comprises 42 articles, dating from 1921-1991, and contributors include E.W. Gilboy, W.C. Mitchell, J.J. Spengler, R. Stone, H.O. Wold and S. Wright.