David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Economics and Philosophy 18 (1):45-54 (2002)
Through most of the history of economics, the most influential commentators on methodology were also eminent practitioners of economics. And even not so long ago, it was so. Milton Friedman, Paul Samuelson, Trygve Haavelmo, and Tjalling Koopmans were awarded Nobel prizes for their substantive contributions to economics, and were each important contributors to methodological thought. But the fashion has changed. Specialization has increased. Not only has methodology become its own field, but many practitioners have come to agree with Frank Hahn's (1992) view that methodology is a distraction to the practitioner, best left to the professional methodologists and philosophers, and of little practical import even when delivered from their pens. John Sutton's lectures, Marshall's Tendencies: What Economists Can Know, is a welcome return to the older fashion, for Sutton is an eminent practitioner of game theory and industrial organization. One of the main themes of these rich and nuanced lectures is the relationship of economic theory to econometric evidence. Sutton's reflections on econometrics appear to arise from the darker recesses of his practitioner's soul. While he affects a sunny disposition and ends on a hopeful note, his analysis articulates the lurking fear that econometrics is a hopeless project and that economics has little to learn from the interaction of theory and econometrics. Sutton's book is like a play in which virtue triumphs, but the villain gets all the good lines
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
George C. Davis (2000). A Semantic Interpretation of Haavelmo's Structure of Econometrics. Economics and Philosophy 16 (2):205-228.
Kevin D. Hoover (1994). Econometrics as Observation: The Lucas Critique and the Nature of Econometric Inference. Journal of Economic Methodology 1 (1):65-80.
Franklin M. Fisher (2002). Symposium on Marshall's Tendencies: 2 Well-Grounded Theory, and Aggregation. Economics and Philosophy 18 (1):17-20.
Mary S. Morgan (2002). Symposium on Marshall's Tendencies: 1 How Models Help Economists to Know. Economics and Philosophy 18 (1):5-16.
Marc Fleurbaey (2002). Symposium on Marshall's Tendencies: Introduction. Economics and Philosophy 18 (1):1-3.
Kevin D. Hoover (2006). Fragility and Robustness in Econometrics: Introduction to the Symposium. Journal of Economic Methodology 13 (2):159-160.
Eric Renault (2002). Symposium on Marshall's Tendencies: 4 Comments on Marshall's Tendencies. Economics and Philosophy 18 (1):29-44.
John Sutton (2002). Symposium on Marshall's Tendencies: 6 Marshall's Tendencies: A Reply. Economics and Philosophy 18 (1):55-62.
Carl F. Christ (2002). Symposium on Marshall's Tendencies: 3 Sutton on Marshall's Tendencies: A Comment. Economics and Philosophy 18 (1):21-27.
Added to index2009-01-28
Total downloads19 ( #128,912 of 1,696,586 )
Recent downloads (6 months)5 ( #115,608 of 1,696,586 )
How can I increase my downloads?