Methodology and Tacit Knowledge

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"Econometrics textbooks see their subject as a set of techniques;Magnus and Morgan see it as a set of practices. A combination ofcontrolled experiment and anthropology of science, Methodology andTacit Knowledge gives a rare inside view of how econometricianswork, why econometrics is an art and not a set of simple recipes,and why, like all artists, econometricians differ in theirtechniques and finished works. This is economic methodology at itsbest." Kevin Hoover, University of California, Davis "The tacit knowledge experiment was a highly commendableinitiative. Its exploration of the theme of how knowledge isacquired and used in applied econometrics is unique and producedsome fascinating insights into this process." Adrian Pagan,Australian National University "It is rare, perhaps unique, to find leading empirical economistsface the prospect of modelling the same phenomena, with the samedata within the same limited time frame. A valuable andilluminating experiment in comparative research methodologies, madeall the more provocative when compared to the excellent originalstudy by Tobin." Richard Blundell, University College London This book will be of considerable interest to economists and toeconometricians concerned about the methodology of their owndiscipline, and will provide valuable material for researchers inscience studies and for teachers of econometrics.

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Jan R. Magnus

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Econometrics Economics Volkswirtschaftslehre Ökonometrie

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