‘Autonomy’ in econometrics

Created
Sat, 18/01/2025 - 02:11
Updated
Sat, 18/01/2025 - 02:11
The point of the discussion, of course, has to do with where Koopmans thinks we should look for “autonomous behaviour relations”. He appeals to experience but in a somewhat oblique manner. He refers to the Harvard barometer “to show that relationships between economic variables … not traced to underlying behaviour equations are unreliable as instruments […]