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- W2180483991 abstract "The relationship between economics and statistics is discussed within the perspective of the history of economic thought. A common origin is traced to William Petty’s political arithmetic. His inductive method, as well as its roots in Bacon, is illustrated; it implies that importance be attributed to a first step of analysis consisting in organising a conceptual structure—a vision of the world. Petty’s idea, derived from Galileo, of natural laws embedded in reality, is then discussed recalling Adam Smith’s criticisms of it and his own method of the rhetoric of scientific debate. Similar conclusions are derived from Keynes’s approach to the theory of probability, with his critiques to the frequentist and subjectivist approaches, his notion of the weight of the argument and his theory of groups. The concluding remarks refer to the connection between the teaching of statistics and economics in the Faculty of Statistics." @default.
- W2180483991 created "2016-06-24" @default.
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- W2180483991 date "2014-01-01" @default.
- W2180483991 modified "2023-09-26" @default.
- W2180483991 title "Statistics and Economics: A Complex Relationship" @default.
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- W2180483991 doi "https://doi.org/10.1007/978-3-319-05552-7_23" @default.
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