Developments in Major Fields of Economics
Edited by Gilbert Faccarello and Heinz D. Kurz
Chapter 9: Econometrics
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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