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Probability, econometrics and truth : = the methodology of econometrics /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Probability, econometrics and truth :/ Hugo A. Keuzenkamp.
Reminder of title:	the methodology of econometrics /
remainder title:	Probability, Econometrics & Truth
Author:	Keuzenkamp, Hugo A.,
Description:	1 online resource (ix, 312 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Econometrics. -
Online resource:	https://doi.org/10.1017/CBO9780511493300
ISBN:	9780511493300 (ebook)

Probability, econometrics and truth : = the methodology of econometrics /
Keuzenkamp, Hugo A.,

Probability, econometrics and truth :the methodology of econometrics /Probability, Econometrics & TruthHugo A. Keuzenkamp. - 1 online resource (ix, 312 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

The philosophy of induction --

When John Maynard Keynes likened Jan Tinbergen's early work in econometrics to black magic and alchemy, he was expressing a widely held view of a new discipline. However, even after half a century of practical work and theorizing by some of the most accomplished social scientists, Keynes' comments are still repeated today. This book assesses the foundations and development of econometrics and sets out a basis for the reconstruction of the foundations of econometric inference by examining the various interpretations of probability theory which underlie econometrics. Keuzenkamp claims that the probabilistic foundations of econometrics are weak, and although econometric inferences may yield interesting knowledge, claims to be able to falsify or verify economic theories are unwarranted. Methodological falsificationism in econometrics is an illusion. Instead, it is argued, econometrics should locate itself in the tradition of positivism.

ISBN: 9780511493300 (ebook)Subjects--Topical Terms:

556981
Econometrics.

LC Class. No.: HB139 / .K48 2000

Dewey Class. No.: 330/.01/5195

Probability, econometrics and truth : = the methodology of econometrics /
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520 $a When John Maynard Keynes likened Jan Tinbergen's early work in econometrics to black magic and alchemy, he was expressing a widely held view of a new discipline. However, even after half a century of practical work and theorizing by some of the most accomplished social scientists, Keynes' comments are still repeated today. This book assesses the foundations and development of econometrics and sets out a basis for the reconstruction of the foundations of econometric inference by examining the various interpretations of probability theory which underlie econometrics. Keuzenkamp claims that the probabilistic foundations of econometrics are weak, and although econometric inferences may yield interesting knowledge, claims to be able to falsify or verify economic theories are unwarranted. Methodological falsificationism in econometrics is an illusion. Instead, it is argued, econometrics should locate itself in the tradition of positivism.
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