{"product_id":"probability-econometrics-and-truth-the-methodology-of-econometrics-paperback-9780521029735","title":"Probability, Econometrics and Truth; The Methodology of Econometrics (Paperback \/ softback) 9780521029735","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eProbability, Econometrics and Truth\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe Methodology of Econometrics\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eA critique of the philosophical and methodological bases of much of modern econometrics.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eHugo A. Keuzenkamp (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521029735, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 2 November 2006\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e324 pages\u003cbr\u003e22.8 x 15.2 x 2 cm, 0.483 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'The book is excellent reading.' Computing Reviews\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eWhen 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 which underlie econometrics. Keuzenkamp claims that the probabilistic foundations of econometrics are weak, and although econometric inferences may yield interesting knowledge, claims to be able to falsify or verify economic theories are unwarranted. Methodological falsificationism in econometrics is an illusion. Instead, it is argued, econometrics should locate itself in the tradition of positivism.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eIntroduction\u003cbr\u003e 1. The philosophy of induction\u003cbr\u003e 2. Probability and indifference: Intermezzo: a formal scheme of reference\u003cbr\u003e 3. Reactive frequency and induction\u003cbr\u003e 4. Probability and belief\u003cbr\u003e 5. The theory of simplicity\u003cbr\u003e 6. From probability to econometrics\u003cbr\u003e 7. Econometric modelling\u003cbr\u003e 8. In search of homogeneity\u003cbr\u003e 9. Positivism and the aims of econometrics\u003cbr\u003e 10. Probability, econometrics and truth\u003cbr\u003e Personalia\u003cbr\u003e References\u003cbr\u003e Indexes.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Econometrics [\u003ca title=\"See our other books on Econometrics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Econometrics%20%5BKCH%5D%22\"\u003eKCH\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46006214951192,"sku":"9780521029735","price":39.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521029735i_5c11b35a-51e2-42b9-b1dc-62461344871c.jpg?v=1694964881","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/probability-econometrics-and-truth-the-methodology-of-econometrics-paperback-9780521029735","provider":"Freshly Printed Books","version":"1.0","type":"link"}