Can Econometric Models Provide a Laboratory Setting for Economic Analysis?

Dec 6, 2023 · 9m 21s
Can Econometric Models Provide a Laboratory Setting for Economic Analysis?
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<p>Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly.</p> <p>Original Article: <a href="https://mises.org/wire/can-econometric-models-provide-laboratory-setting-economic-analysis" target="_blank">Can Econometric Models Provide a...

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<p>Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly.</p> <p>Original Article: <a href="https://mises.org/wire/can-econometric-models-provide-laboratory-setting-economic-analysis" target="_blank">Can Econometric Models Provide a Laboratory Setting for Economic Analysis?</a></p>
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Author Mises Institute
Organization Chad Parish
Website -
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