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Edmond Malinvaud and the Problem of Statistical Induction

Author

Listed:
  • Michel Armatte
  • Annie L. Cot
  • Jacques Mairesse
  • Matthieu Renault

Abstract

In this article we follow, over his long career, the evolution of the reflections of Edmond Malinvaud on economic ?science? and its relationship with the ?problem? of statistical induction. To do so we largely rely on his own words by quoting his many articles addressing these issues. We consider in turn his views on statistical methods and structural econometrics, on apriorism versus empiricism, the Koopmans-Vining controversy on measurement with or without theory, econometric methods and the challenge of modelling, the Popperian temptation of a falsifiable economic science, the uneasy alliance between induction and expertise, understanding and advising. We conclude with Malinvaud's views on eclecticism, which he deems to be the only position able to meet, despite its rapid progress, the "advisory imperative" characterizing economics.

Suggested Citation

  • Michel Armatte & Annie L. Cot & Jacques Mairesse & Matthieu Renault, 2017. "Edmond Malinvaud and the Problem of Statistical Induction," Annals of Economics and Statistics, GENES, issue 125-126, pages 79-111.
    • Handle: RePEc:adr:anecst:y:2017:i:125-126:p:79-111
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    File URL: http://www.jstor.org/stable/10.15609/annaeconstat2009.125-126.0079
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    Cited by:

    1. Matthieu Renault, 2018. "Edmond Malinvaud´s Criticisms of the New Classical Economics: Restoring the Nature and the Rationale of the Old Keynesians´ Opposition," Working Papers, Department of Economics 2018_21, University of São Paulo (FEA-USP).
    2. Matthieu Renault, 2021. "Macroeconomics under Pressure: The Feedback Effects of Economic Expertise," GREDEG Working Papers 2021-02, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    3. Matthieu Renault, 2020. "Theory to the Rescue of Large-scale Models: Edmond Malinvaud's Alternative View on the Search for Microfoundations," GREDEG Working Papers 2020-27, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, revised Apr 2021.

    More about this item

    Keywords

    Structural Econometrics; Statistical Induction; Data Analysis; Empiricism; Eclecticism; Economic policy;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General

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