Econometrics and the philosophy of economics

Theory-data confrontations in economics

Bernt P. Stigum

792 pages, parution le 02/09/2003

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Résumé

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 reality in which he or she lives?

This book shows that an econometrician with the proper understanding of economic theory and the right kind of questions can gain knowledge about characteristic features of the social world. It addresses varied topics in both classical and Bayesian econometrics, offering ample evidence that its answer to the fundamental question is sound.

The first book to comprehensively explore economic theory and econometrics simultaneously, Econometrics and the Philosophy of Economics represents an authoritative account of contemporary economic methodology. About a third of the chapters are authored or coauthored by Heather Anderson, Erik Biørn, Christophe Bontemps, Jeffrey A. Dubin, Harald E. Goldstein, Clive W.J. Granger, David F. Hendry, Herman Ruge-Jervell, Dale W. Jorgenson, Hans-Martin Krolzig, Nils Lid Hjort, Daniel L. McFadden, Grayham E. Mizon, Tore Schweder, Geir Storvik, and Herman K. van Dijk.

Facts and fiction in econometrics
Theorizing in economics
Theory-data confrontations in economics
Data analyses
Empirical relevance
Diagnostics and scientific explanation
Contemporary econometric analyses
Index

L'auteur - 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.

Caractéristiques techniques

	PAPIER
Éditeur(s)	Princeton University Press
Auteur(s)	Bernt P. Stigum
Parution	02/09/2003
Nb. de pages	792
Format	16 x 24
Couverture	Relié
Poids	1240g
Intérieur	Noir et Blanc
EAN13	9780691113005
ISBN13	978-0-691-11300-5