Economics and quantitative economics: A defence

Mh Peston

Omega, 1974, vol. 2, issue 2, 147-156

Abstract: The purpose of the paper is to discuss quantitative work in economics, especially in relation to problems of macro-economic policy. It is argued that many recent criticisms of economics are not well founded, and it is certainly not the case that what is wrong with economics is its quantitative bias. Quite the contrary; in a number of areas more quantitative work is required. The use of control theory methods should be welcomed by economists, but these need not be introduced to the exclusion of other methods. Finally, some suggestions are made for further research.

Date: 1974
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0305-0483(74)90086-3
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jomega:v:2:y:1974:i:2:p:147-156

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Omega is currently edited by B. Lev

More articles in Omega from Elsevier
Bibliographic data for series maintained by Catherine Liu ().