It has been held that when economic policy makers use economic models, there is a one way flow of information from the models to policy analysis. This text challenges this assumption, recognizing that in practice the requirements and questions of policy makers play an important role in the development and revision of those very models.
It has been held that when economic policy makers use economic models, there is a one way flow of information from the models to policy analysis. This...
It has been held that when economic policy makers use economic models, there is a one way flow of information from the models to policy analysis. This text challenges this assumption, recognizing that in practice the requirements and questions of policy makers play an important role in the development and revision of those very models.
It has been held that when economic policy makers use economic models, there is a one way flow of information from the models to policy analysis. This...
"Econometrics textbooks see their subject as a set of techniques; Magnus and Morgan see it as a set of practices. A combination of controlled experiment and anthropology of science, Methodology and Tacit Knowledge gives a rare inside view of how econometricians work, why econometrics is an art and not a set of simple recipes, and why, like all artists, econometricians differ in their techniques and finished works. This is economic methodology at its best." Kevin Hoover, University of California, Davis
"The tacit knowledge experiment was a highly commendable initiative. Its...
"Econometrics textbooks see their subject as a set of techniques; Magnus and Morgan see it as a set of practices. A combination of controlled experime...
In this compelling book, David Hendry and Mary Morgan bring together the classic papers of the pioneer econometricians, some of which have never been published before. Together, these papers form the foundations of econometric thought. They are essential reading for anyone seeking to understand the aims, method and methodology of econometrics and the development of this statistical approach in economics. An editorial commentary places the readings in their historical context and indicates the continuing relevance of these early, yet highly sophisticated, works for current econometric...
In this compelling book, David Hendry and Mary Morgan bring together the classic papers of the pioneer econometricians, some of which have never been ...
In this compelling book, David Hendry and Mary Morgan bring together the classic papers of the pioneer econometricians, some of which have never been published before. Together, these papers form the foundations of econometric thought. They are essential reading for anyone seeking to understand the aims, method and methodology of econometrics and the development of this statistical approach in economics. An editorial commentary places the readings in their historical context and indicates the continuing relevance of these early, yet highly sophisticated, works for current econometric...
In this compelling book, David Hendry and Mary Morgan bring together the classic papers of the pioneer econometricians, some of which have never been ...
Why write about facts? Facts are everywhere. They litter the utterances of public life as much as the private conversations of individuals. They frequent the humanities and the sciences in equal measure. But their very ubiquity tells us not only why it is difficult to form general but sensible answers in response to seemingly simple questions about facts, but also why it is important to do so. This book discusses how facts travel, and when and why they sometimes travel well enough to acquire a life of their own. Whether or not facts travel in this manner depends not only on their character...
Why write about facts? Facts are everywhere. They litter the utterances of public life as much as the private conversations of individuals. They frequ...
Why write about facts? Facts are everywhere. They litter the utterances of public life as much as the private conversations of individuals. They frequent the humanities and the sciences in equal measure. But their very ubiquity tells us not only why it is difficult to form general but sensible answers in response to seemingly simple questions about facts, but also why it is important to do so. This book discusses how facts travel, and when and why they sometimes travel well enough to acquire a life of their own. Whether or not facts travel in this manner depends not only on their character...
Why write about facts? Facts are everywhere. They litter the utterances of public life as much as the private conversations of individuals. They frequ...
