Economics is not statistics (and vice versa)

Economics is not statistics (and vice versa)

Economic analysis is a theoretical approach, not an empirical one. It is a way of thinking, not a way of testing. An analysis that has an empirical component can be economic without being quantitative: economics is not statistics. An atheoretical analysis can never be economic, no matter how impress...

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Veröffentlicht in:Journal of institutional economics 2020-08, Vol.16 (4), p.423-425
1. Verfasser: Leeson, Peter T.
Format: Artikel
Sprache:eng
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Economic analysis
Economics
Economists
Ethnography
Quantitative analysis
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Zusammenfassung:Economic analysis is a theoretical approach, not an empirical one. It is a way of thinking, not a way of testing. An analysis that has an empirical component can be economic without being quantitative: economics is not statistics. An atheoretical analysis can never be economic, no matter how impressive its regressions: statistics is not economics.
ISSN:1744-1374
1744-1382
DOI:10.1017/S174413742000003X