Econometrics And The Philosophy Of Economics

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Econometrics and the Philosophy of Economics

Bernt P. Stigum
Econometrics and the Philosophy of Economics Book PDF

Author : Bernt P. Stigum
Publisher : Princeton University Press
Page : 794 pages
File Size : 40,8 Mb
Release : 2015-12-29
Category : Business & Economics
ISBN : 9780691168241

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Econometrics and the Philosophy of Economics by Bernt P. Stigum Pdf

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.

Philosophy of Economics

Uskali Mäki
Philosophy of Economics Book PDF

Author : Uskali Mäki
Publisher : Elsevier
Page : 929 pages
File Size : 44,7 Mb
Release : 2012-06-12
Category : Business & Economics
ISBN : 9780444516763

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Philosophy of Economics by Uskali Mäki Pdf

Part of the Handbook of the Philosophy of Science Series edited by: Dov M. Gabbay King's College, London, UK; Paul Thagard University of Waterloo, Canada; and John Woods University of British Columbia, Canada. Philosophy of Economics investigates the foundational concepts and methods of economics, the social science that analyzes the production, distribution and consumption of goods and services. This groundbreaking collection, the most thorough treatment of the philosophy of economics ever published, brings together philosophers, scientists and historians to map out the central topics in the field. The articles are divided into two groups. Chapters in the first group deal with various philosophical issues characteristic of economics in general, including realism and Lakatos, explanation and testing, modeling and mathematics, political ideology and feminist epistemology. Chapters in the second group discuss particular methods, theories and branches of economics, including forecasting and measurement, econometrics and experimentation, rational choice and agency issues, game theory and social choice, behavioral economics and public choice, geographical economics and evolutionary economics, and finally the economics of scientific knowledge. This volume serves as a detailed introduction for those new to the field as well as a rich source of new insights and potential research agendas for those already engaged with the philosophy of economics. Provides a bridge between philosophy and current scientific findings Encourages multi-disciplinary dialogue Covers theory and applications

Economics as Worldly Philosophy

R. Blackwell,J. Chatha,E. Nell
Economics as Worldly Philosophy Book PDF

Author : R. Blackwell,J. Chatha,E. Nell
Publisher : Springer
Page : 403 pages
File Size : 43,5 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349225729

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Economics as Worldly Philosophy by R. Blackwell,J. Chatha,E. Nell Pdf

These essays written by students of Robert Heilbroner, develop central themes in his work - the importance of historical perspective in economics, the connection with the great questions of philosophy, and the immediacy of politics. They begin by criticizing the rational maximizing foundations of conventional theory, finding no place there for history. The essays first explore methodology, then technology in relation to history, the politics inherent in economics, and finally, turn to the great Classics, interpreted in relation to modern questions.

The Future of the Philosophy of Economics

Constanze Binder,Conrad Heilmann,Jack J Vromen
The Future of the Philosophy of Economics Book PDF

Author : Constanze Binder,Conrad Heilmann,Jack J Vromen
Publisher : Routledge
Page : 154 pages
File Size : 45,8 Mb
Release : 2018-04-19
Category : Business & Economics
ISBN : 9781315462035

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The Future of the Philosophy of Economics by Constanze Binder,Conrad Heilmann,Jack J Vromen Pdf

Originating from the International Network for Economic Method conference, hosted by the Erasmus Institute for Economics and Philosophy (EIPE) at the Erasmus University Rotterdam in 2013, this book chooses key themes that reflect on fascinating new developments in the philosophy of economics. Contributions discuss new avenues and debates in important and upcoming areas, such as the philosophy of economic policy making, decision theory, ethics, and new questions in economic methodology. The book offers an excellent insight into cutting edge research in these fields that are about to shape the future of the philosophy of economics. This book was originally published as a special issue of The Journal of Economic Methodology.

On the Reliability of Economic Models

Daniel Little
On the Reliability of Economic Models Book PDF

Author : Daniel Little
Publisher : Springer Science & Business Media
Page : 288 pages
File Size : 55,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401106436

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On the Reliability of Economic Models by Daniel Little Pdf

This volume represents a contribution to the philosophy of economics with a distinctive point of view -- the contributors have selected particular areas of economics and have probed these areas for the philosophical and methodological issues that they raise. The primary essays are written by philosophers concentrating on philosophical issues that arise at the level of the everyday theoretical practice of working economists. Commentary essays are provided by working economists responding to the philosophical arguments from the standpoint of their own disciplines. The volume thus represents something of an `experiment' in the philosophy of science, striving as it does to explore methodological issues across two research communities. The purpose of the volume is very specific: to stimulate a discussion of the epistemology and methodology of economics that works at the level of detail of existing `best practice' in economics today. The contributors have designed their contributions to stimulate productive conversation between philosophers and economists on topics in the methodology of economics.

Philosophy of Economics

D. Ross
Philosophy of Economics Book PDF

Author : D. Ross
Publisher : Springer
Page : 358 pages
File Size : 42,7 Mb
Release : 2016-04-30
Category : Philosophy
ISBN : 9781137318756

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Philosophy of Economics by D. Ross Pdf

Don Ross provides a concise and distinct introduction to the philosophy of economics for students in need of a short but engaging study of the main issues in the subject today. Ross offers his own provocative interpretation of the value of economics in science and public policy giving a unique perspective from a world authority.

Philosophy of Mathematics and Economics

Thomas A. Boylan,Paschal F. O'Gorman
Philosophy of Mathematics and Economics Book PDF

Author : Thomas A. Boylan,Paschal F. O'Gorman
Publisher : Routledge
Page : 242 pages
File Size : 52,6 Mb
Release : 2018-04-09
Category : Business & Economics
ISBN : 9781351124577

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Philosophy of Mathematics and Economics by Thomas A. Boylan,Paschal F. O'Gorman Pdf

With the failure of economics to predict the recent economic crisis, the image of economics as a rigorous mathematical science has been subjected to increasing interrogation. One explanation for this failure is that the subject took a wrong turn in its historical trajectory, becoming too mathematical. Using the philosophy of mathematics, this unique book re-examines this trajectory. Philosophy of Mathematics and Economics re-analyses the divergent rationales for mathematical economics by some of its principal architects. Yet, it is not limited to simply enhancing our understanding of how economics became an applied mathematical science. The authors also critically evaluate developments in the philosophy of mathematics to expose the inadequacy of aspects of mainstream mathematical economics, as well as exploiting the same philosophy to suggest alternative ways of rigorously formulating economic theory for our digital age. This book represents an innovative attempt to more fully understand the complexity of the interaction between developments in the philosophy of mathematics and the process of formalisation in economics. Assuming no expert knowledge in the philosophy of mathematics, this work is relevant to historians of economic thought and professional philosophers of economics. In addition, it will be of great interest to those who wish to deepen their appreciation of the economic contours of contemporary society. It is also hoped that mathematical economists will find this work informative and engaging.

The Philosophy of Economics

Daniel M. Hausman
The Philosophy of Economics Book PDF

Author : Daniel M. Hausman
Publisher : Cambridge University Press
Page : 11 pages
File Size : 46,7 Mb
Release : 2008
Category : Business & Economics
ISBN : 9780521883504

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The Philosophy of Economics by Daniel M. Hausman Pdf

This volume, explores the nature of economics as a science, including classic texts and newer essays.

Econometrics in a Formal Science of Economics

Bernt P. Stigum
Econometrics in a Formal Science of Economics Book PDF

Author : Bernt P. Stigum
Publisher : MIT Press
Page : 389 pages
File Size : 40,6 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780262028585

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Econometrics in a Formal Science of Economics by Bernt P. Stigum Pdf

An examination of the role of theory in applied econometrics.

Representation and Structure in Economics

Hsiang-Ke Chao
Representation and Structure in Economics Book PDF

Author : Hsiang-Ke Chao
Publisher : Routledge
Page : 183 pages
File Size : 52,5 Mb
Release : 2020-04-08
Category : Business & Economics
ISBN : 9781134230198

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Representation and Structure in Economics by Hsiang-Ke Chao Pdf

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.

Rousseau’s Economic Philosophy

Bertil Fridén
Rousseau s Economic Philosophy Book PDF

Author : Bertil Fridén
Publisher : Springer Science & Business Media
Page : 172 pages
File Size : 40,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401152945

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Rousseau’s Economic Philosophy by Bertil Fridén Pdf

An increasing body of literature concerns the economics of those highly appreciated qualities of life that are not easily provided by market exchange. Today these problems are visible as never before, for example environmental problems. But already at the dawn of industrial society the problem had been observed by Rousseau. His statements on the economy claim to take these problems into account with due importance. In this way his economic philosophy concerns a different domain of the economy from, for example, Adam Smith's work. Rousseau's philosophy attempts to consider phenomena later labeled information asymmetries and information costs, bargaining, collective good problems. Some of Rousseau's most puzzling social proposals (on theater, women, music, etc.) can be explained by his well-argued conviction that an optimal economy demands a high social morale, a communicative morale. He proposes an economic philosophy for the most important properties of richness - such as experiencing the unique, and being free although dependent on others (empowerment). It is for the adult capable of true deliberation, not for the trifle of the innocent child. He develops a concept of richness that is close to the Aristotelian capability-concept, later explored by Amartya Sen. Rousseau's economic philosophy has not been treated in a monograph before. The book should be rewarding to those interested in social theory, the history of social and economic thought, problems at the margins of market exchange, e.g. cultural economics, environmental economics, students of Rousseau and the thought of the 18th century, welfare economic theory in the direction of Arrow or Sen, and Poanyi's and others' theses about the transition from selfsufficiency to market.

Philosophy of Economics

Julian Reiss
Philosophy of Economics Book PDF

Author : Julian Reiss
Publisher : Routledge
Page : 351 pages
File Size : 40,9 Mb
Release : 2013-07-15
Category : Philosophy
ISBN : 9781136763328

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Philosophy of Economics by Julian Reiss Pdf

Philosophy of Economics: A Contemporary Introduction is the first systematic textbook in the philosophy of economics. It introduces the epistemological, metaphysical and ethical problems that arise in economics, and presents detailed discussions of the solutions that have been offered. Throughout, philosophical issues are illustrated by and analysed in the context of concrete cases drawn from contemporary economics, the history of economic ideas, and actual economic events. This demonstrates the relevance of philosophy of economics both for the science of economics and for the economy. This text will provide an excellent introduction to the philosophy of economics for students and interested general readers alike.

The Art and Science of Econometrics

Ping Zong
The Art and Science of Econometrics Book PDF

Author : Ping Zong
Publisher : Routledge
Page : 256 pages
File Size : 45,7 Mb
Release : 2022-05-02
Category : Business & Economics
ISBN : 9781000580242

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The Art and Science of Econometrics by Ping Zong Pdf

Today econometrics has been widely applied in the empirical study of economics. As an empirical science, econometrics uses rigorous mathematical and statistical methods for economic problems. Understanding the methodologies of both econometrics and statistics is a crucial departure for econometrics. The primary focus of this book is to provide an understanding of statistical properties behind econometric methods. Following the introduction in Chapter 1, Chapter 2 provides the methodological review of both econometrics and statistics in different periods since the 1930s. Chapters 3 and 4 explain the underlying theoretical methodologies for estimated equations in the simple regression and multiple regression models and discuss the debates about p-values in particular. This part of the book offers the reader a richer understanding of the methods of statistics behind the methodology of econometrics. Chapters 5–9 of the book are focused on the discussion of regression models using time series data, traditional causal econometric models, and the latest statistical techniques. By concentrating on dynamic structural linear models like state-space models and the Bayesian approach, the book alludes to the fact that this methodological study is not only a science but also an art. This work serves as a handy reference book for anyone interested in econometrics, particularly in relevance to students and academic and business researchers in all quantitative analysis fields.

Keynes: Philosophy, Economics and Politics

R.M. O'Donnell
Keynes Philosophy Economics and Politics Book PDF

Author : R.M. O'Donnell
Publisher : Springer
Page : 426 pages
File Size : 54,9 Mb
Release : 1989-06-12
Category : Business & Economics
ISBN : 9781349070275

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Keynes: Philosophy, Economics and Politics by R.M. O'Donnell Pdf

A systematic study contending that the distinctive theory of rationality found at the heart of Keynes' philosophy moulded his economic theorist policy-making, scientific methodology and politics. It aims to resolve his departure from Neoclassical economics to his radical "General Theory".

The Years of High Econometrics

Francisco Louçã
The Years of High Econometrics Book PDF

Author : Francisco Louçã
Publisher : Routledge
Page : 401 pages
File Size : 47,8 Mb
Release : 1998-11-05
Category : Business & Economics
ISBN : 9781134111480

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The Years of High Econometrics by Francisco Louçã Pdf

A fascinating and comprehensive history, this book explores the most important transformation in twentieth century economics: the creation of econometrics. Containing fresh archival material that has not been published before and taking Ragnar Frisch as the narrator, Francisco Louca discusses both the keys events - the establishment of the Econometric Society, the Cowles Commission and the journal Econometrica – and the major players - economists like Wesley Mitchell, mathematicians like John von Neumann and statisticians like Karl Pearson - in history that shaped the development of econometrics. He discusses the evolution of their thought, detailing the debates, the quarrels and the interrogations that crystallized their work and even offers a conclusion of sorts, suggesting that some of the more influential thinkers abandoned econometrics or became critical of its development. International in scope and appeal, The Years of High Econometrics is an excellent accompaniment for students taking courses on probability, econometric methods and the history of economic thought.