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Econometrics And Reality


  • Kevin D. Hoover


Starting with a realist ontology the economic methodologist, Tony Lawson, argues that econometrics is a failed project. Apparently more sympathetic to econometrics, the philosopher of science, Nancy Cartwright, again from a realist perspective, nonetheless argues for conditions of applicability that are so stringent that she must seriously doubt the usefulness of econometrics. In this paper, I reconsider Lawson's and Cartwright's analyses and argue that realism supports rather than undermines econometrics properly interpreted and executed.

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  • Kevin D. Hoover, "undated". "Econometrics And Reality," Department of Economics 97-28, California Davis - Department of Economics.
  • Handle: RePEc:fth:caldec:97-28

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    Cited by:

    1. Gérard Charreaux, 2008. "La recherche en finance d’entreprise:quel positionnement méthodologique ?," Revue Finance Contrôle Stratégie,, vol. 11(Special), pages 237-290, June.
    2. SALMON, Pierre, 2005. "Qu'est-ce qui représente quoi? Réflexions sur la nature et le rôle des modèles en économie," LEG - Document de travail - Economie 2005-07, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.
    3. Boldyrev, I., 2011. "Economic Methodology Today: a Review of Major Contributions," Journal of the New Economic Association, New Economic Association, issue 9, pages 47-70.

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