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The phase of transition—an historical essay
Published online by Cambridge University Press: 20 April 2012
Extract
In my 1981 paper ‘The flock and the sheep’ (J.I.A., 108,361) I explained that I had been writing a number of historical essays and that the paper was based on those which were about distribution of surplus. Some of the remaining essays fall naturally into a set under the general heading of valuation and it is these which have been combined into the present essay. It also includes something which has been on my conscience for a number of years—a critical examination in the light of history of my 1952 paper on the principles of valuation (J.I.A., 78, 286).
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- Copyright © Institute and Faculty of Actuaries 1982
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