Clarifying the 'puzzle' between the Textbook and LSE approaches to econometrics: A comment on Cook's Kuhnian perspective on econometric modelling

Journal of Economic Methodology 12 (1):93-115 (2005)
Abstract
In a recent article, Cook conducted a Kuhnian analysis of the difference between the Textbook and LSE econometric approaches. This paper uses a semantic conception of theories (Suppe 1989) and a finer gradation of the theory of reduction process to clarify the apparent puzzle that exist between the Textbook and LSE approaches to econometrics. The paper demonstrates that a Kuhnian analysis in isolation can be more misleading than realized.
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