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Representation and Structure in Economics - The Methodology of Econometric Models of the Consumption Function (Paperback)
Loot Price: R1,318
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Representation and Structure in Economics - The Methodology of Econometric Models of the Consumption Function (Paperback)
Series: Routledge INEM Advances in Economic Methodology
Expected to ship within 12 - 17 working days
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This book provides a methodological perspective on understanding
the essential roles of econometric models in the theory and
practice. Offering a comprehensive and comparative exposition of
the accounts of models in both econometrics and philosophy of
science, this work shows how econometrics and philosophy of science
are interconnected while exploring the methodological insight of
econometric modelling that can be added to modern philosophical
thought. The notion of structure is thoroughly discussed throughout
the book. The studies of the consumption function of Trygve
Haavelmo, Richard Stone, Milton Friedman, David Hendry and Robert
Lucas are taken as the case studies to investigate their
methodological implications of model and structure. In addition to
the semantic view of the scientific theories, various philosophical
accounts concerning scientific models are used to shed light on the
methodological nature of these consumption studies in economics.
This book will be of great interest to scholars and students of
methodology of economics and econometrics as well as anyone
interested in the philosophy of science in an economic context.
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