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Methodological Mistakes and Econometric Consequences

Summary:
Logical Positivism created a nominalist methodology for econometrics, which looks at data without examining the qualitative real forces which generate the data. We show that good data analysis requires a realist methodology which pays attention to real world context of data.

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Logical Positivism created a nominalist methodology for econometrics, which looks at data without examining the qualitative real forces which generate the data. We show that good data analysis requires a realist methodology which pays attention to real world context of data.


Asad Zaman
Physician executive. All opinions are my personal. It is okay for me to be confused as I’m learning every day. Judge me and be confused as well.

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