----------------- HES POSTING ----------------- Have you seen, Gottfried Haberler, "A New Index Number and its meaning," The Quarterly Journal of Economics, vol. 42, no. 3 (May 1928), 434-449. It has the following statement: "The general price level is not a given, self-evident fact, but a theoretical abstraction." p. 435. Good luck! Humberto Barreto ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]