Probability, Econometrics and Truth: The Methodology of Econometrics

ISBN: 9780521029735
Publisher: Cambridge University Press
Publication Date: 2006-11-02
Number of pages: 324
  • $52.45

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DESCRIPTION

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 that underlie econometrics.

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