A problem-solving approach to data analysis for economics

@article{Giannakouros2018APA,
  title={A problem-solving approach to data analysis for economics},
  author={Panayotis Giannakouros and Lihua Chen},
  journal={Forum for Social Economics},
  year={2018},
  volume={47},
  pages={114 - 87}
}
Data analysis for formal methods is constrained due to the lengthy dominance of the econometric view within economics. Best practice in statistics suggests a shift in emphasis from making statements about the sampling distribution of numerical data summaries to seeking data summaries that communicate well. The process philosophy perspective informing the original institutionalists and also evident in the tradition of Keynes is amenable to drawing from current developments in the field of… Expand
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