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An application of econophysics to the history of economic thought: The analysis of texts from the frequency of appearance of key words
Trincado, Estrella; Vindel, José María - 2015
This article poses a new methodology applying the statistical analysis to the economic literature. This analysis has never been used in the history of economic thought, albeit it may open up new possibilities and provide us with further explanations so as to reconsider theoretical issues. With...
Persistent link: https://www.econbiz.de/10011291851
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Revisiting the Great Ratios Hypothesis
Chudik, Alexander; Pesaran, M. Hashem; Smith, Ron P. - 2022
The idea that certain economic variables are roughly constant in the long-run is an old one. Kaldor described them as stylized facts, whereas Klein and Kosobud labelled them great ratios. While such ratios are widely adopted in theoretical models in economics as conditions for balanced growth,...
Persistent link: https://www.econbiz.de/10013177659
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Methodological Mistakes and Econometric Consequences
Zaman, Asad - In: International Econometric Review (IER) 4 (2012) 2, pp. 99-122
Econometric Methodology is based on logical positivist principles. Since logical positivism has collapsed, it is necessary to re-think these foundations. We show that positivist methodology has led econometricians to a meaningless search for patterns in the data. An alternative methodology which...
Persistent link: https://www.econbiz.de/10012610944
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Philosophy of Austrian economics - Extended cut
Linsbichler, Alexander - 2021
methodological characteristics of Austrian economics: Austrian action theory and interpretative understanding, a relatively …
Persistent link: https://www.econbiz.de/10012745146
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The Meaning of Failed Replications: A Review and Proposal
Clemens, Michael A. - 2015
The welcome rise of replication tests in economics has not been accompanied by a single, clear definition of replication. A discrepant replication, in current usage of the term, can signal anything from an unremarkable disagreement over methods to scientific incompetence or misconduct. This...
Persistent link: https://www.econbiz.de/10010531710
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Becoming Applied: The Transformation of Economics after 1970
Backhouse, Roger E.; Cherrier, Beatrice - 2014
relation to pure theory than was previously the case. Discussing new types of applied work, the changing context of applied …
Persistent link: https://www.econbiz.de/10011592234
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On the Reception of Haavelmo's Econometric Thought
Hoover, Kevin D. - 2012
Trygve Haavelmo's The Probability Approach in Econometrics (1944) has been widely regarded as the foundation document … of modern econometrics. Nevertheless, its significance has been interpreted in widely different ways. Some modern … theory and data. Others credit Haavelmo with an approach that focuses on statistical adequacy rather than theoretical …
Persistent link: https://www.econbiz.de/10011592193
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Ranking Leading Econometrics Journals using Citations Data from ISI and RePEc
Chang, Chia-Lin; McAleer, Michael - 2013
econometrics journals taken from the Thomson Reuters ISI Web of Science (ISI) Category of Economics, using citations data from ISI …
Persistent link: https://www.econbiz.de/10010326514
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Theoretical and Methodological Context of (Post)-Modern Econometrics and Competing Philosophical Discourses for Policy Prescription
Jackson, Emerson Abraham - 2018
science discipline. On the the whole, there is no doubt surrounding the value of empirical endeavours in econometrics to …
Persistent link: https://www.econbiz.de/10011846460
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The 1-2-3 Toolbox of Mainstream Economics: Promising Everything, Delivering Nothing
Bichler, Shimshon; Nitzan, Jonathan - In: Real-World Economics Review (2021) 98, pp. 23-48
We write this essay for both lay readers and scientists, though mainstream economists are welcome to enjoy it too. Our subject is the basic toolbox of mainstream economics. The most important tools in this box are demand, supply and equilibrium. All mainstream economists – as well as many...
Persistent link: https://www.econbiz.de/10012703161