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Economic Methodology and Econometrics

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Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 16)

Abstract

It is standard to define econometrics as a branch of economics that brings together economic theory, facts and statistical theory in order to give empirical content to economic reasoning. The accepted assumption is that theories and hypotheses in economics have to be validated by invoking factual evidence. Is this true for all economists? If it is, then is that factual evidence pertinent only to the predictive implications of theories, or to the assumptions of theories, or to both?

Keywords

Natural Science Empirical Basis Inductive Inference Formal School Informative Content 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1989

Authors and Affiliations

  1. 1.University of ZaragozaSpain

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