The formation of econometrics a historical perspective
A scholarly study of a crucial period in the history of econometrics. It analyzes the development of the theory and methodology over 1930-1960, arguing in particular that the "probability revolution" of the 1940s was incomplete and resulted in later proble.
"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."
"A scholarly study of a crucial period in the history of econometrics. It analyzes the development of the theory and methodology over 1930-1960, arguing in particular that the "probability revolution" of the 1940s was incomplete and resulted in later proble."@en
"This book traces the formation of econometric theory during the period 1930-60. It focuses on the formation of econometrics from mathematical and scientific processes, in order to analyse economic problems. The book deals with the advances in understanding that were achieved as well as the problems which arose in the course of the practice of econometrics as a discipline. Duo Qin examines the history of econometrics in terms of the basic issues in econometric modelling: the probability foundations, estimation, identification, testing, and model construction and specification. The book describes chronologically how these issues were formalized. Duo Qin argues that while the probability revolution in econometrics in the early 1940s laid the basis for the systematization of econometric theory, it was actually an incomplete revolution, and that its incompleteness underlay various problems and failures which occurred in applying the newly-established theory to modelling practice. The book thus links early econometric history with many issues of interest to contemporary developments in econometrics."
"Duo Qin examines the history of econometrics from 1930 to 1960 in terms of the basic issues in econometric modelling: the probability foundations, estimation, identification, testing and model construction, and specification. She specifically argues that the probability revolution of the 1940s which formed the foundation for econometric theory was an incomplete revolution. She asserts that the incompleteness was the basis for the problems and failures which occurred in applying the newly-established theory to modelling practice. In linking early econometric history with many issues of interest to contemporary developments in econometrics, Qin provides an engaging work describing a previously undocumented period in the history of economics."
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