Morgenstern's Forgotten Contribution: A Stab to the Heart of Modern Economics

被引：4
作者：
Bagus, Philipp [1 ]
机构：
[1] Univ Rey Juan Carlos, Dept Econ Aplicada, Fac Ciencias Jurid & Sociales, Madrid 28032, Spain
来源：
AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY | 2011年 / 70卷 / 02期
关键词：
D O I：
10.1111/j.1536-7150.2011.00783.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
P>In contrast to physics, there is no estimate of statistical error within economics in spite of Oskar Morgenstern's book On the Accuracy of Economic Observation. The problem of error in economic observations is still a widely neglected problem. The various sources of error that come into play in the social sciences suggest that the error in economic observations is substantial. As the error might be substantial, this paper argues that the usefulness of econometrics becomes questionable.
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页码：540 / 562
页数：23
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