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Incremental Innovation in Economics

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Chapter 10 in Economics as Anatomy, 2019, pp 107-118 from Edward Elgar Publishing

Abstract: When it first appeared in the 1930s, econometrics was definitely a radical innovation. It arrived into an economics discipline which had two main strands: a theoretical tradition that was, with some exceptions, literary rather than mathematical; and an empirical tradition that was descriptive, and not based on indirect statistical inference. In place of that, the Econometric Society proposed a new approach to the science of economics, based on the ‘triad’ of economic theory, mathematics and statistics

Keywords: Economics and Finance; Research Methods (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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