The unrealistic realist philosophy. The ontology of econometrics revisited

The argument put forth in this article shows that the hitherto scientific-realist approaches to econometrics are incongruent with the realistically reconstructed empirical macroeconomics. The SR approaches share in common being realist about the relations depicted by (successful) models. The economi...

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Autor principal:	Mariusz Maziarz
Formato:	article
Lenguaje:	DE EN FR
Publicado:	Editura ASE Bucuresti 2019
Materias:	philosophy of econometrics contrary results 'emerging contrary result' phenomenon err phenomenon instrumentalism constructivism Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/66a7475f06cc449488091cb42d96ed37
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id	oai:doaj.org-article:66a7475f06cc449488091cb42d96ed37
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spelling	oai:doaj.org-article:66a7475f06cc449488091cb42d96ed372021-12-02T05:17:03ZThe unrealistic realist philosophy. The ontology of econometrics revisited1843-22981844-8208https://doaj.org/article/66a7475f06cc449488091cb42d96ed372019-11-01T00:00:00Z https://jpe.ro/pdf.php?id=8545 https://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208The argument put forth in this article shows that the hitherto scientific-realist approaches to econometrics are incongruent with the realistically reconstructed empirical macroeconomics. The SR approaches share in common being realist about the relations depicted by (successful) models. The economic models of data are sensitive to minor changes in sample and estimating methods what creates the ‘emerging contrary result’ phenomenon: the community of econometricians accept models that are inconsistent. Being SR about econometrics equals committing oneself to the following trilemma: (1) it is feasible to indicate the successful models that rightly isolate/idealize the regularities of the economy (the knowledge thesis); (2) econometric models are about the economic world (the independence thesis); and, at least in some areas of application, (3) successful econometric models contradict each other.Mariusz MaziarzEditura ASE Bucurestiarticlephilosophy of econometricscontrary results'emerging contrary result' phenomenonerr phenomenoninstrumentalismconstructivismEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol XIII, Iss 1, Pp 39-64 (2019)
institution	DOAJ
collection	DOAJ
language	DE EN FR
topic	philosophy of econometrics contrary results 'emerging contrary result' phenomenon err phenomenon instrumentalism constructivism Economics as a science HB71-74
spellingShingle	philosophy of econometrics contrary results 'emerging contrary result' phenomenon err phenomenon instrumentalism constructivism Economics as a science HB71-74 Mariusz Maziarz The unrealistic realist philosophy. The ontology of econometrics revisited
description	The argument put forth in this article shows that the hitherto scientific-realist approaches to econometrics are incongruent with the realistically reconstructed empirical macroeconomics. The SR approaches share in common being realist about the relations depicted by (successful) models. The economic models of data are sensitive to minor changes in sample and estimating methods what creates the ‘emerging contrary result’ phenomenon: the community of econometricians accept models that are inconsistent. Being SR about econometrics equals committing oneself to the following trilemma: (1) it is feasible to indicate the successful models that rightly isolate/idealize the regularities of the economy (the knowledge thesis); (2) econometric models are about the economic world (the independence thesis); and, at least in some areas of application, (3) successful econometric models contradict each other.
format	article
author	Mariusz Maziarz
author_facet	Mariusz Maziarz
author_sort	Mariusz Maziarz
title	The unrealistic realist philosophy. The ontology of econometrics revisited
title_short	The unrealistic realist philosophy. The ontology of econometrics revisited
title_full	The unrealistic realist philosophy. The ontology of econometrics revisited
title_fullStr	The unrealistic realist philosophy. The ontology of econometrics revisited
title_full_unstemmed	The unrealistic realist philosophy. The ontology of econometrics revisited
title_sort	unrealistic realist philosophy. the ontology of econometrics revisited
publisher	Editura ASE Bucuresti
publishDate	2019
url	https://doaj.org/article/66a7475f06cc449488091cb42d96ed37
work_keys_str_mv	AT mariuszmaziarz theunrealisticrealistphilosophytheontologyofeconometricsrevisited AT mariuszmaziarz unrealisticrealistphilosophytheontologyofeconometricsrevisited
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The unrealistic realist philosophy. The ontology of econometrics revisited

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