Econometrics in a Formal Science of Economics: Theory and the Measurement of Economic Relations

Bernt P. Stigum

Published by MIT Press, December 2014.


Bilde av Econometrics in a Formal Science of Economics

Econometrics is a study of good and bad ways to measure economic relations. In this book, Bernt Stigum considers the role that economic theory ought to play in such measurements and proposes a formal science of economics that provides the means to solve the measurement problems faced by econometric researchers. After describing the salient parts of a formal science of economics, Stigum compares its methods with the methods of contemporary applied econometrics. His goal is to develop a basis for meaningful discussion of the best way to incorporate economic theory in empirical analysis.

More about the book here


Published Jan. 7, 2015 12:44 PM - Last modified July 7, 2015 10:20 AM