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Books > Business & Economics > Economics > Econometrics
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False Feedback in Economics - The Case for Replication (Hardcover)
Loot Price: R4,451
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False Feedback in Economics - The Case for Replication (Hardcover)
Series: Routledge Studies in Economic Theory, Method and Philosophy
Expected to ship within 12 - 17 working days
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This book investigates why economics makes less visible progress
over time than scientific fields with a strong practical component,
where interactions with physical technologies play a key role. The
thesis of the book is that the main impediment to progress in
economics is "false feedback", which it defines as the false result
of an empirical study, such as empirical evidence produced by a
statistical model that violates some of its assumptions. In
contrast to scientific fields that work with physical technologies,
false feedback is hard to recognize in economics. Economists thus
have difficulties knowing where they stand in their inquiries, and
false feedback will regularly lead them in the wrong directions.
The book searches for the reasons behind the emergence of false
feedback. It thereby contributes to a wider discussion in the field
of metascience about the practices of researchers when pursuing
their daily business. The book thus offers a case study of
metascience for the field of empirical economics. The main strength
of the book are the numerous smaller insights it provides
throughout. The book delves into deep discussions of various
theoretical issues, which it illustrates by many applied examples
and a wide array of references, especially to philosophy of
science. The book puts flesh on complicated and often abstract
subjects, particularly when it comes to controversial topics such
as p-hacking. The reader gains an understanding of the main
challenges present in empirical economic research and also the
possible solutions. The main audience of the book are all applied
researchers working with data and, in particular, those who have
found certain aspects of their research practice problematic.
General
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