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Error in Economics: Towards a More Evidence-Based Methodology Paperback - 2010
by Julian Reiss
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- Title Error in Economics: Towards a More Evidence-Based Methodology
- Author Julian Reiss
- Binding Paperback
- Edition Reprint
- Pages 248
- Volumes 1
- Language ENG
- Publisher Routledge
- Date 2010-02-01
- Illustrated Yes
- ISBN 9780415579728 / 0415579724
- Weight 0.85 lbs (0.39 kg)
- Dimensions 9.21 x 6.14 x 0.57 in (23.39 x 15.60 x 1.45 cm)
- Dewey Decimal Code 330.01
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Error in Economics: Towards a More Evidence-Based Methodology (Routledge INEM Advances in Economic Methodology)
by Reiss, Julian
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New. What is the correct concept behind measures of inflation? Does money cause business activity or is it the other way around? Shall we stimulate growth by raising aggregate demand or rather by lowering taxes and thereby providing incentives to produce? Policy-relevant questions such as these are of immediate and obvious importance to the welfare of societies. The standard approach in dealing with them is to build a model, based on economic theory, answer the question for the model world and then apply the results to economic phenomena outside. Data come in, if at all, only in testing a limited number of the model's consequences. Despite some critical voices, economic methodology too has by and large subscribed to a "theory first" approach to applied economics. Error in Economics systematically develops an alternative to the theory-based orthodoxy. It places the methodical study of evidence at the centre of the scientific enterprise and thus provides a foundation for a…
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Error in Economics: Towards a More Evidence-Based Methodology
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Error in Economics: Towards a More EvidenceâBased Methodology (Routledge INEM Advances in Economic Methodology)
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