McCloskey, Deirdre N.; Ziliak, Stephen T. - In: Econ Journal Watch 9 (2012) 3, pp. 298-308
Econometricians have been claiming proudly since World War II that significance testing is the empirical side of economics. In fact today most young economists think that the word “empirical” simply means “collect enough data to do a significance test”. Tjalling Koopmans’s influential...