Duo Qin has produced a study of a crucial period in the history of econometrics. She analyses the development of the theory and methodology between 1930 and 1960, arguing in particular that the "probability revolution" of the 1940s was incomplete, and resulted in later problems

This study exposes the specious quality of ‘endogeneity bias'. It reviews how conceptualisation of the bias has evolved to embrace all major econometric problems, despite extensive lack of hard evidence. It reveals the crux of the bias – a priori rejection, as conditionally invalid, of...