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Author Lyons, Tom ♦ Sophister, Junior
Source CiteSeerX
Content type Text
File Format PDF
Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Abstract Although there are similarities between economics and ‘science ’ in terms of their interest in the interactions between theory and evidence, Tom Lyons investigates the degree to which economics and more particularly econometrics should be considered scientific. He examines the issues of data problems, model simplifications and other more inherent differences between the methods of the two disciplines. Aware of econometrics ’ flaws on the one hand, and applications on the other, he concludes that a lowering of its status as a ‘science ’ does not lessen its importance “It’s only when the tide goes out that you learn who’s been swimming naked.” – Warren Buffet. So Economics had become a science. He pondered the meaning of this as he bit into a cheap cigar. Yet there were niggling questions, rumours if you will, that he’d been sent to investigate. Word was Economics might have something to hide, might be claiming to be something she was not. So Philip Marlowe watched her from the shade of the bar fingering a treble, occasionally flicking an eye towards a goodlooking
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study