Econometrics and the Philosophy of Economics (eBook)

Theory-Data Confrontations in Economics

Bernt P. Stigum (Autor)

eBook Download: PDF

2015
792 Seiten
Princeton University Press (Verlag)
978-1-4008-7323-4 (ISBN)

Infos

Bernt P. Stigum is Professor of Economics at the University of Oslo. He is the author of Toward a Formal Science of Economics and coeditor of Foundations of Utility and Risk Theory with Applications.

---

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 Biorn, 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.

Produkt-Details

• Erscheint lt. Verlag: 29.12.2015
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie
• Schlagworte: Accounting identity • Analogy • Applied Economics • arbitrage pricing theory • Axiom • Bayesian • Bayesian Econometrics • Behavioral Economics • Business Statistics • Capital Asset Pricing Model • Cointegration • Commodity • Competition (economics) • Competitive equilibrium • Computational Economics • Consumer behaviour • consumer choice • Cost curve • Decision-Making • Decision Theory • Demand curve • Econometrica • Econometric model • Econometrics • Econometric Society • Econometric Theory • Economic and Social Research Council • economic data • Economic equilibrium • economic forecasting • Economic indicator • Economic Methodology • economic problem • Economics • Economic statistics • economist • economy • Emissions Trading • Endogeneity (econometrics) • Equation • estimation • Estimator • Expected utility hypothesis • Experimental economics • Explanation • Factor price • Forecasting • Foundations of Economic Analysis • Foundations of statistics • General Equilibrium Theory • Good (economics) • Homo economicus • hypothesis • income • inference • John Maynard Keynes • Journal of Political Economy • Keynesian Economics • Likelihood Function • Macroeconomic model • Macroeconomics • Marginal product • Market (economics) • Market Economy • Market Mechanism • market portfolio • Mathematical economics • Measures of national income and output • Microeconomics • Models, Economic • monetary policy • Nash Equilibrium • National Bureau of Economic Research • Output (economics) • Parameter • Political Economy • Preference (economics) • Price elasticity of demand • Price index • price system • Probability • Probability Distribution • Production Function • Production theory • Rational Choice Theory • Real versus nominal value (economics) • Relative value (economics) • Social reality • Statistic • Stochastic Frontier Analysis • Supply (economics) • The general theory of employment, interest and money • Theorem • theory • Theory of Games and Economic Behavior • Theory of value (economics) • The Review of Economics and Statistics • Utility • Variable (mathematics) • World Economy
• ISBN-10: 1-4008-7323-1 / 1400873231
• ISBN-13: 978-1-4008-7323-4 / 9781400873234