Reiss, Julian (2004) Evidence-based economics: issues and some preliminary answers. Analyse and Kritik: Zeitschrift fur Sozialtheorie, 26 (2). pp. 346-363. ISSN 0171-5860
Full text not available from this repository.Abstract
This paper presents an outline of a methodology of ‘evidence-based economics’. The question whether an economic statement is evidence-based must be answered on three different levels. The first level concerns measurement: it asks whether claims made about economic quantities such as inflation, unemployment, growth or poverty are justified by the data and measurement procedures. The second level concerns induction: it asks whether claims made about the relations between economic quantities (such as ‘number of babies born predicts growth’, ‘change in money causes change in monetary income’, ‘non-borrowed reserves can be used to control the interest rate’), are justified by the inference procedures. The third level concerns idealisation: it asks whether the quantities and relations selected are justified by the stated aim of the inquiry. The paper provides a discussion of these three types of investigation and of some solutions that have been offered.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.analyse-und-kritik.net/en/index.php |
| Additional Information: | © 2004 Lucius & Lucius |
| Divisions: | CPNSS |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 02 Jun 2011 15:16 |
| Last Modified: | 11 Dec 2024 22:48 |
| URI: | http://eprints.lse.ac.uk/id/eprint/36470 |
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