Putting Econometrics in Its Place: A New Direction in Applied EconomicsPutting Econometrics in its Place is an original and fascinating book, in which Peter Swann argues that econometrics has dominated applied economics for far too long and displaced other essential techniques. While Peter Swann is critical of the monopoly that econometrics currently holds in applied economics, the more important and positive contribution of the book is to propose a new direction and a new attitude to applied economics. |
Contents
1 Introduction | 3 |
2 Economics will only be applied if it is applied | 13 |
3 Econometrics as alchemy? | 24 |
4 The surveyors dream | 29 |
5 What do the critics say is wrong? | 33 |
6 The problem of the signaltonoise ratio | 45 |
7 Vernacular economics | 57 |
8 The vernacular as local knowledge | 62 |
16 Economic history and history of economic thought | 140 |
17 Case studies | 152 |
18 Interviews | 161 |
19 Common sense and intuition | 170 |
20 Metaphor | 180 |
an essential miscellany | 194 |
22 Danger in the present trajectory | 201 |
23 Changing attitudes | 205 |
9 Economic research as composition | 65 |
why and what? | 71 |
11 Applied econometrics | 76 |
12 Experimental economics | 86 |
13 Surveys and questionnaires | 100 |
14 Simulation | 113 |
15 Engineering economics | 127 |
24 How do we make the future happen? | 211 |
25 Conclusion | 218 |
Appendix | 221 |
| 229 | |
| 243 | |
| 247 | |
Other editions - View all
Common terms and phrases
achieve active interview analysis answer applied econometrics applied economics applied economists argued Chapter chip collection common complex cost critical critique Deaton demand described develop disciplines division of labour Econometric Society econometricians economic history economic research economic theory empirical engineering economics entrants equation essential example experimental economics experimental economists experiments explanatory variables Frisch functional form idea important industry innovation intellectual interesting intuition Keynes laboratory level of measurement lock-in mainstream mathematical measurement error mental models metaphor methods Moore's Law Moreover network effects observations omitted variables bias paradox-seeking paradoxes parameter estimates partial variance perspective preferences problem product proliferation professional pure interview questionnaire questions reason recognise regression repertoire research techniques respondent role s)he semiconductor signal-to-noise ratio social sort specialisation strategy summarised Swann tool triangulation type II errors understanding universal solvent vernacular economics vernacular economists vernacular knowledge virtuous circle