The present paper discusses the ‘battle of methods’ in economics in its epistemic pursuit in the framework of a dialectics between science and art. The traditional distinction between deduction and induction has come to be characterized as a ‘theory-data confrontation’; while the former...

Measurement forms the substance of econometrics. This chapter outlines the history of econometrics from a measurement perspective - how have measurement errors been dealt with and how, from a methodological standpoint, did econometrics evolve so as to represent theory more adequately in relation...

We characterize modern econometrics in terms of the emergence a widely accepted analytical framework. A major theme which dominated much of the debate through the century was whether and how econometric models can reflect theory-generated economic structures. In the period prior to the 2nd world...

Measurement forms the substance of econometrics. This chapter outlines the history of econometrics from a measurement perspective - how have measurement errors been dealt with and how, from a methodological standpoint, did econometrics evolve so as to represent theory more adequately in relation...

Economics lives a moment where the dominant paradigm, based in neoclassical and rational choice ideas, seems very limited to comprehend the complexity of the reality. Economists and Economics are being severely criticized by their exaggerated use of mathematical formalization. It is important to...

The article offers a review of modern business cycle theory as developed in the first half of XX century. Marrama analyses the extent of economic literature on these topics, pinpointing the main strands of thought and tools used by business cycle economists. The categorization is set forth...

The Econometric Society was founded at an "organization meeting" in December 1930. The invitations had been issued by Irving Fisher, Ragnar Frisch and, Charles F. Roos. In June the same year they had sent a form letter to a list of 31 scholars to solicit advice about establishing an...

In the paper, Edwin B. Wilson's influence on the rise of mathematical economics in America between the 1920s and 1940s is explored. The focus is laid on showing how on the grounds of his foundational ideas about science Wilson worked at the organizational and educational fronts to modernize...

This paper is prepared for the forthcoming publication of Frisch's 1930 Yale lecture notes, A Dynamic Approach to Economic Theory: The Yale Lectures of Ragnar Frisch (details at: http://www.routledgeeconomics.com/books/A-Dynamic-Approach-to-Economic-Theory-isbn9780415564090). As the lecture...

The journal of the Econometric Society, Econometrica, was established in 1933 and edited by Ragnar Frisch for the first 22 years. As a new journal Econometrica had three key characteristics. First, it was devoted to a research program stated in few but significant words in the constitution of...