Econometrics and the Philosophy of Economics
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A01=Bernt P. Stigum
Analogy
Applied economics
Arbitrage pricing theory
Author_Bernt P. Stigum
Axiom
Bayesian
Bayesian econometrics
Behavioral economics
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Cointegration
Commodity
Competition (economics)
Computational economics
Cost curve
Decision theory
Demand curve
Econometric model
Econometric Society
Econometric Theory
Econometrica
Econometrics
Economic
Economic data
Economic forecasting
Economic indicator
Economic methodology
Economic problem
Economic statistics
Economics
Economist
Endogeneity (econometrics)
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eq_business-finance-law
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Estimation
Estimator
Expected utility hypothesis
Experimental economics
Explanation
Factor price
Foundations of Economic Analysis
General equilibrium theory
Hypothesis
Income
Inference
Interest and Money
Keynesian economics
Likelihood function
Macroeconomic model
Macroeconomics
Market (economics)
Market economy
Mathematical economics
Models
Monetary policy
National Bureau of Economic Research
Output (economics)
Parameter
Preference (economics)
Price elasticity of demand
Price index
Probability
Probability distribution
Rational choice theory
Real versus nominal value (economics)
Relative value (economics)
Social reality
Statistic
Supply (economics)
The General Theory of Employment
The Review of Economics and Statistics
Theorem
Theory
Theory of Games and Economic Behavior
Theory of value (economics)
Utility
Variable (mathematics)
Product details
- ISBN 9780691113005
- Weight: 1247g
- Dimensions: 152 x 235mm
- Publication Date: 22 Jul 2003
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
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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 Biorn, 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.
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".
