Representation and Structure in Economics
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Home > Business and Economics > Economics > Economic theory and philosophy > Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function(Routledge INEM Advances in Economic Methodology)
Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function(Routledge INEM Advances in Economic Methodology)

Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function(Routledge INEM Advances in Economic Methodology)


     0     
5
4
3
2
1



Out of Stock


Notify me when this book is in stock
X
About the Book

This book provides a methodological perspective on understanding the essential roles of econometric models in the theory and practice. Offering a comprehensive and comparative exposition of the accounts of models in both econometrics and philosophy of science, this work shows how econometrics and philosophy of science are interconnected while exploring the methodological insight of econometric modelling that can be added to modern philosophical thought. The notion of structure is thoroughly discussed throughout the book. The studies of the consumption function of Trygve Haavelmo, Richard Stone, Milton Friedman, David Hendry and Robert Lucas are taken as the case studies to investigate their methodological implications of model and structure. In addition to the semantic view of the scientific theories, various philosophical accounts concerning scientific models are used to shed light on the methodological nature of these consumption studies in economics. This book will be of great interest to scholars and students of methodology of economics and econometrics as well as anyone interested in the philosophy of science in an economic context.

Table of Contents:
Preface 1. Introduction: Taking Structure Seriously 2. Structure and its Measurement in Econometrics 3. Theory, Structure, and Models: 4. Two Strands of Demand Analysis: 5. Trygve Haavelmo and Measuring the Structure of the Consumption Function 6. Milton Friedman and the Emergence of the Permanent Income Hypothesis 7. Professor Hendry’s Econometric Methodology Reconsidered Congruence and Structural Empiricism 8. A Structure of the Consumption Function 9. Conclusion Bibliography

About the Author :
Hsiang-Ke Chao is Associate Professor of Economics at National Tsing Hua University, Taiwan

Review :
'Chao contrasts the received and the semantic views of theory in economics and comes down clearly in favour of the latter. He illustrates his arguments with discussion of demand theory, the consumption function, and the so-called LSE approach to econometrics'. - Christopher L. Gilbert, University of Trento (in Erasmus Journal for Philosophy and Economics, Vol. 3, Issue 3, Autumn 2010, pp. 136 - 141. http://ejpe.org/pdf/3-2-br-6.pdf 'The semantic or model-based approach is a philosophical view about the nature and function of scientific theories which has become increasingly popular in the methodology of economics. Some scholars have recently argued that this approach is able to provide fundamental insights to understand the role played by econometric models in connecting theoretical claims with empirical evidence (Davis 2000; Stigum 2003; Chao 2005). In his Representation and Structure in Economics, Hsiang-Ke Chao investigates further this issue by both offering a thorough discussion of the semantic approach and presenting accurate and illuminating case studies drawn from consumption studies'. - Alessio Moneta, Max Planck Institute of Economics; Journal of Economic Methodology, 17: 3, 338 - 343


Best Sellers


Product Details
  • ISBN-13: 9781134230204
  • Publisher: Taylor & Francis Ltd
  • Publisher Imprint: Routledge
  • Language: English
  • Sub Title: The Methodology of Econometric Models of the Consumption Function
  • ISBN-10: 1134230206
  • Publisher Date: 08 Apr 2020
  • Binding: Digital (delivered electronically)
  • Series Title: Routledge INEM Advances in Economic Methodology


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function(Routledge INEM Advances in Economic Methodology)
Taylor & Francis Ltd -
Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function(Routledge INEM Advances in Economic Methodology)
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function(Routledge INEM Advances in Economic Methodology)

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept

    Fresh on the Shelf


    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!