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Econometrics and the Philosophy of Economics: Theory-Data Confrontations in Economics
Bernt P. Stigum
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Description for Econometrics and the Philosophy of Economics: Theory-Data Confrontations in Economics
Hardback.
As most econometricians will readily agree, the data used in applied econometrics seldom provide accurate measurements for the pertinent theory's variables. Here, Bernt Stigum offers the first systematic and theoretically sound way of accounting for such inaccuracies. He and a distinguished group of contributors bridge econometrics and the philosophy of economics--two topics that seem worlds apart. They ask: How is a science of economics possible? The answer is elusive. Economic theory seems to be about abstract ideas or, it might be said, about toys in a toy community. How can a researcher with such tools learn anything about the social ... Read more
As most econometricians will readily agree, the data used in applied econometrics seldom provide accurate measurements for the pertinent theory's variables. Here, Bernt Stigum offers the first systematic and theoretically sound way of accounting for such inaccuracies. He and a distinguished group of contributors bridge econometrics and the philosophy of economics--two topics that seem worlds apart. They ask: How is a science of economics possible? The answer is elusive. Economic theory seems to be about abstract ideas or, it might be said, about toys in a toy community. How can a researcher with such tools learn anything about the social ... Read more
Product Details
Publisher
Princeton University Press United States
Number of pages
792
Format
Hardback
Publication date
2003
Condition
New
Number of Pages
304
Place of Publication
New Jersey, United States
ISBN
9780691113005
SKU
V9780691113005
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Bernt P. Stigum
Bernt P. Stigum is Professor of Economics at the University of Oslo. He is the author of "Toward a Formal Science of Economics" and coeditor of "Foundations of Utility" and "Risk Theory with Applications".
Reviews for Econometrics and the Philosophy of Economics: Theory-Data Confrontations in Economics
"[A] remarkably ambitious and largely unprecedented analysis of the philosophical foundations of econometrics... Stigum has made a bold attempt to understand the enterprise of econometrics in its original formulation. It is not only a difficult book, but also a rich and provocative one. No other such work exists. It sets the standard against which any future contribution to the philosophical ... Read more