Measurement without theory and theory without measurement. A personal account

Guenter Karl

Chapter 8 in Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis - 2015 edition, 2016, pp v1, 179-184 from Narodowy Bank Polski

Abstract: The purpose of this paper is to show that theory and practice are mutually supportive to reach meaningful, balanced and successful results. More often than not theory workers and practice worker are in stiff competition for resources and recognition. This very common human process is from a higher perspective unfruitful and creates bitterness among employees, business people and the like. This phenomenon also exists very prominently in academic circles. My own work and academic experience will serve as a “proof” that the fruitful interplay with theory and practice leads to very good results.

Keywords: economic ideas; economic thought (search for similar items in EconPapers)
JEL-codes: B20 B50 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpchp:2-8

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