Philosophy is a study of the nature of things and the principles governing human behavior and the philosophy of economics is a study that searches for truth and knowledge about the part of reality that pertains to economic matters this book will show that in economic theory data confrontations the two topics are inextricably conjoined meaningful applied econometrics requires proper understanding of the purport of economic theory and empirically relevant economic. Econometrics and the philosophy of economics theory data confrontations in economics bernt p stigum as most econometricians will readily agree the data used in applied econometrics seldom provide accurate measurements for the pertinent theorys variables. Stigum b p econometrics and the philosophy of economics theory data confrontations in economics p schonfeld 1 journal of economics volume 82 pages 208 210 2004 cite this article. Econometrics and the philosophy of economics theory data confrontations in economics bernt p stigum additional contact information bernt p stigum university of oslo in economics books from princeton university press abstract as most econometricians will readily agree the data used in applied econometrics seldom provide accurate measurements for the pertinent theorys variables here . Request pdf on feb 1 2005 marcel boumans published econometrics and the philosophy of economics theory data confrontations in economics find read and cite all the research you need on