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Does economics need a scientific revolution?

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  • Ivan O. Kitov

Abstract

Economics does not need a scientific revolution. Economics needs accurate measurements according to high standards of natural sciences and meticulous work on revealing empirical relationships between measured variables.

Suggested Citation

  • Ivan O. Kitov, 2009. "Does economics need a scientific revolution?," Papers 0904.0729, arXiv.org.
  • Handle: RePEc:arx:papers:0904.0729
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    File URL: http://arxiv.org/pdf/0904.0729
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    References listed on IDEAS

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    1. Edward C. Prescott, 1998. "Business cycle research: methods and problems," Working Papers 590, Federal Reserve Bank of Minneapolis.
    2. Ivan O. Kitov, 2009. "Mechanical Model of Personal Income Distribution," Papers 0903.0203, arXiv.org.
    3. Kitov, Ivan & Kitov, Oleg & Dolinskaya, Svetlana, 2008. "Comprehensive macro-model for the U.S. economy," MPRA Paper 9808, University Library of Munich, Germany.
    4. Kitov, Ivan & Kitov, Oleg, 2009. "Unemployment and inflation in Western Europe: solution by the boundary element method," MPRA Paper 14341, University Library of Munich, Germany.
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    Cited by:

    1. Ivan O. KITOV, 2010. "Predicting Real Economic Growth In France, Germany, New Zealand, And The United Kingdom," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 5(1(11)_Spr), pages 48-54.
    2. Kitov, Ivan, 2010. "Modeling share prices of banks and bankrupts," MPRA Paper 21369, University Library of Munich, Germany.
    3. Aleksejus Kononovicius & Valentas Daniunas, 2013. "Agent-based and macroscopic modeling of the complex socio-economic systems," Papers 1303.3693, arXiv.org, revised Apr 2013.
    4. Kitov, Ivan, 2009. "Predicting real GDP per capita in France, Germany, New Zealand, and the UK," MPRA Paper 15503, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics

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