Template-Type: ReDIF-Paper 1.0
Author-Name: Kevin Hoover
Author-Name-First: Kevin
Author-Name-Last: Hoover
Author-Workplace-Name: Department of Economics, University of California Davis
Title: ECONOMETRICS AND REALITY
Abstract: 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.
Length: 36
File-URL: https://repec.dss.ucdavis.edu/files/HipjRSpB3PrEbF18nCeXaVDV/97-28.pdf
File-Format: application/pdf
Number: 147
Classification-JEL: 
KeyWords: 
Creation-Date: 20030108
Handle: RePEc:cda:wpaper:147