Table of Contents

Handbook on the History of Economic Analysis Volume III

Handbook on the History of Economic Analysis Volume III

Developments in Major Fields of Economics

Edited by Gilbert Faccarello and Heinz D. Kurz

Volume III contains entries on the development of major fields in economics from the inception of systematic analysis until modern times. The reader is provided with succinct summary accounts of the main problems, the methods used to address them and the results obtained across time. The emphasis is on both the continuity and the major changes that have occurred in the economic analysis of problematic issues such as economic growth, income distribution, employment, inflation, business cycles and financial instability. Each Handbook can be read individually and acts as a self-contained volume in its own right. It can be purchased separately or as part of a three-volume set.

Chapter 9: Econometrics

Marcel Boumans

Subjects: economics and finance, history of economic thought


Notwithstanding a few more general perspectives on the history of econometrics (Darnell 1984; Morgan 1990; Qin 1993; Hendry and Morgan 1995; Morgan and Qin 2001; Gilbert and Qin 2006; Louçã 2007), writing the history of an entire discipline is complicated because a scientific discipline consists of several interacting layers, such as a layer of tools and techniques, one of models and theories, one of methodologies, and so on. Moreover, econometrics has not emerged historically as a unified field. Any attempt to write the history of econometrics is bound to fail. An entry on econometrics will have to consist of several histories or perspectives. The overarching framework, therefore, that will be used for providing these histories is Thomas Kuhn’s (1970) “disciplinary matrix”. This notion reflects nicely the multi-layered character of a discipline. According to Kuhn a discipline consists of four elements: symbolic generalizations, metaphysical parts, values and paradigms.

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