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Representation and Structure in Economics

Hsiang-Ke Chao
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Admissible Transformations
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Consumption Function
Correspondence Rules
Cowles Commission
Cowles Commission Approach
econometric models
Engel Curves
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Euler Equation Approach
Friedman's Permanent Income Hypothesis
Friedman’s Permanent Income Hypothesis
General Unrestricted Model
Invariance View
Isomorphic Mapping
LSE Approach
Lucas Critique
Permanent Income
Permanent Income Hypothesis
philosophical accounts
Random Walk Model
Reduce Form Var Model
Representation Theorem
Semantic View
Simultaneous Equations Models
Transitory Income
Trygve Haavelmo
Uniqueness Theorems
Van Fraassen
Van Fraassen's Constructive Empiricism
Van Fraassen’s Constructive Empiricism

Product details

  • ISBN 9781138805453
  • Weight: 330g
  • Dimensions: 156 x 234mm
  • Publication Date: 02 Dec 2014
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

This book provides a methodological perspective on understanding the essential roles of econometric models in the theory and practice. Offering a comprehensive and comparative exposition of the accounts of models in both econometrics and philosophy of science, this work shows how econometrics and philosophy of science are interconnected while exploring the methodological insight of econometric modelling that can be added to modern philosophical thought.

The notion of structure is thoroughly discussed throughout the book. The studies of the consumption function of Trygve Haavelmo, Richard Stone, Milton Friedman, David Hendry and Robert Lucas are taken as the case studies to investigate their methodological implications of model and structure. In addition to the semantic view of the scientific theories, various philosophical accounts concerning scientific models are used to shed light on the methodological nature of these consumption studies in economics.

This book will be of great interest to scholars and students of methodology of economics and econometrics as well as anyone interested in the philosophy of science in an economic context.
About Hsiang-Ke Chao

Hsiang-Ke Chao is Associate Professor of Economics at National Tsing Hua University, Taiwan

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