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Econometrics - exact or social science?

Publication |
2013

Abstract

Moments which represent key steps in the history of econometrics are discussed in the perspective of other branches of science, especially mathematics, physics and statistics. A part of discussion is also devoted to philosophy behind the mathematical theory of econometric and to the interpretation(s?) of results.

Examples of successes and failures in development of econometrics are briefly commented. A couple of sentences addresses the teaching of econometrics the economists.

Robust methods, folklore and reality.