8 votes

Economics' position in the hierarchy of sciences (hard vs soft)

There is actually no clear cut consensus on where Economics belongs (although it is fair to say most would likely put it into category of social science). Some authors consider it to be science, some ...
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  • 41.5k
7 votes

What is the evidence that econometrics has empirical value?

To (slightly) paraphrase the OP: Economies (Human Bodies) are extremely complex systems with many variables, not to mention the fact that they emerge from the interactions of complex beings (...
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6 votes

Journal that sum up a research area

In addition to the +1 list provided by tdm, journal of economic perspectives often publishes literature reviews and quasi-literature reviews. The goal is JEP is to fill the gap between different ...
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  • 41.5k
6 votes
Accepted

Is "management science" a subsection of economics?

The journal Management Science is a decent one. Many economists do publish on that journal. In fact, a quick look at its editorial board reveals many notable names, with the recent Nobel laureate in ...
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  • 14.3k
5 votes

Departure point for research in economics

Hal Varian's "How to Build an Economic Model in Your Spare Time" has some excellent advice on this topic. The best advice echoes what FooBar has alrady said. Start with the simplest possible model: ...
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  • 16.6k
5 votes
Accepted

Departure point for research in economics

Always use smaller models when you can. Typically, you want to show that surprisingly/interestingly, if we combine A,B in a model, there is an interaction that explains C. Have the smallest model ...
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  • 10.4k
5 votes

What is the evidence that econometrics has empirical value?

The first thing to say about this question is that it is important to look in the right places for good econometric predictions. Physicists cannot reliably predict a wide-variety of quantum phenomena....
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  • 16.6k
5 votes

Why is Mises "permitted" to define "Economics is an a priori science", if a priori is not trustworthy?

Although I disagree with von Mises, he was reacting to what he saw as a very real problem, which was the use of relatively primitive statistical methods to describe behavior. In fact, Leonard Jimmie ...
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  • 1,901
4 votes
Accepted

Methodology of Economics: interpretation and explanation

The standard reading on the methodology and the role of explanation in economics is Daniel Hausman's work. Hausman, Daniel M. The inexact and separate science of economics. Cambridge University Press,...
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  • 1,822
4 votes

Best history of macro book?

Beyond Michel De Vroey's book, I know of no other book on the history of macroeconomics, as it is praised by macroeconomists. See for example this review. De Vroey has a true vision of macroeconomics,...
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  • 6,652
3 votes

Is "management science" a subsection of economics?

To the extent that economics and business are related fields, "Management Science" is related to economics as well. Many economists serve as part of business school faculties and vice-versa. So these ...
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  • 5,394
3 votes

What is the evidence that econometrics has empirical value?

Econometrics is nothing more than a fancy name for statistics. Namely, how do we apply statistics and economic theory together to get a clearer picture of reality? Is statistics scientific? It can be ...
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3 votes

What is the evidence that econometrics has empirical value?

@Alecos has already mentioned one of the two points I wanted to make, here is my extension. Econometrics has no value per se, it always comes from the data we use it on. In microeconomics, with many ...
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  • 10.4k
2 votes

Journal that sum up a research area

Here are few: The Journal of Economic Literature The Journal of Economic Surveys The Annual Review of Economics
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  • 8,737
2 votes

Is there a go-to resources on the use of the scientific method in economics?

Economists often do something similar to what your physics teacher taught. One of my graduate econometrics teachers taught us to begin our empirical investigations by asking what the ideal experiment ...
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  • 15.9k
2 votes

Is there a "personality test" for societies?

Jonathan Haidt has used a five axis model to characterize groups by their use of 5 sets of moral intuitions. Harm/care, Fairness/reciprocity, Ingroup/loyalty, Authority/ respect, and Purity/...
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  • 15.9k
2 votes

Departure point for research in economics

You can always keep in mind the motto of Paul Krugman for his modelling style which is "KISS" (keep it simple and stupid). It is also the recommendation of Hal Varian as mentionned by Ubiquitous. You ...
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1 vote
Accepted

Is Soros' theory of reflexivity aligned with normative vs positive economy dichotomy?

I would say there is some degree of correspondence between the two dichotomies. However, in the economic side of things, there is in my opinion a much clearer relation between positive and normative ...
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