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Measurement without theory and theory without measurement. A personal account

In: Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis - 2015 edition

Author

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  • Guenter Karl

Abstract

The purpose of this paper is to show that theory and practice are mutually supportive to reach meaningful, balanced and successful results. More often than not theory workers and practice worker are in stiff competition for resources and recognition. This very common human process is from a higher perspective unfruitful and creates bitterness among employees, business people and the like. This phenomenon also exists very prominently in academic circles. My own work and academic experience will serve as a “proof” that the fruitful interplay with theory and practice leads to very good results.

Suggested Citation

  • Guenter Karl, 2016. "Measurement without theory and theory without measurement. A personal account," Chapters from NBP Conference Publications, in: Hanna Augustyniak & Jacek Łaszek & Krzysztof Olszewski & Joanna Waszczuk (ed.), Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis - 2015 edition, chapter 8, pages v1, 179-1, Narodowy Bank Polski.
    • Handle: RePEc:nbp:nbpchp:2-8
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    File URL: https://static.nbp.pl/publikacje/materialy-i-studia/243_en1.pdf
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    More about this item

    Keywords

    economic ideas; economic thought;

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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