Econometric contributions of the Cowles Commission, 1944-47. A retrospective view
The Cowles Commission's econometric work had a profound effect on economic analysis after the Second World War. Econometrics was a young discipline at that time and the author discusses the principle contributors and their work at the Cowles Commission for Research in Economics. Successful econ...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2013-10-01
|
| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10646 |
| _version_ | 1811172457471541248 |
|---|---|
| author | L.R. KLEIN |
| author_facet | L.R. KLEIN |
| author_sort | L.R. KLEIN |
| collection | DOAJ |
| description | The Cowles Commission's econometric work had a profound effect on economic analysis after the Second World War. Econometrics was a young discipline at that time and the author discusses the principle contributors and their work at the Cowles Commission for Research in Economics. Successful econometrics relies on combining economics with mathematics and statistics. It is also important to remember that quantitative economics does not give results that are robust in very small confidence areas - rather they provide guidance for policy makers and facilitate a better understanding of the economy.
JEL: B23
|
| first_indexed | 2024-04-10T17:30:24Z |
| format | Article |
| id | doaj.art-82794d2f0bea46ec9e84bb67e99bf4ef |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:30:24Z |
| publishDate | 2013-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-82794d2f0bea46ec9e84bb67e99bf4ef2023-02-03T16:47:02ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-10-014417710.13133/2037-3643/10646Econometric contributions of the Cowles Commission, 1944-47. A retrospective viewL.R. KLEINThe Cowles Commission's econometric work had a profound effect on economic analysis after the Second World War. Econometrics was a young discipline at that time and the author discusses the principle contributors and their work at the Cowles Commission for Research in Economics. Successful econometrics relies on combining economics with mathematics and statistics. It is also important to remember that quantitative economics does not give results that are robust in very small confidence areas - rather they provide guidance for policy makers and facilitate a better understanding of the economy. JEL: B23 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10646EconometricsCowles commission |
| spellingShingle | L.R. KLEIN Econometric contributions of the Cowles Commission, 1944-47. A retrospective view PSL Quarterly Review Econometrics Cowles commission |
| title | Econometric contributions of the Cowles Commission, 1944-47. A retrospective view |
| title_full | Econometric contributions of the Cowles Commission, 1944-47. A retrospective view |
| title_fullStr | Econometric contributions of the Cowles Commission, 1944-47. A retrospective view |
| title_full_unstemmed | Econometric contributions of the Cowles Commission, 1944-47. A retrospective view |
| title_short | Econometric contributions of the Cowles Commission, 1944-47. A retrospective view |
| title_sort | econometric contributions of the cowles commission 1944 47 a retrospective view |
| topic | Econometrics Cowles commission |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10646 |
| work_keys_str_mv | AT lrklein econometriccontributionsofthecowlescommission194447aretrospectiveview |