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Journal Article
History of Political Economy 175–203.
Published: 26 August 2021
...Thomas A. Stapleford This article explores the recent history of the data revolution in economics, arguing that many of its features parallel the vision for statistical economics championed by Wesley Mitchell during the interwar period. Seeing the data revolution as kin to Mitchell’s hopes...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 258–282.
Published: 01 December 2011
...Ariane Dupont-Kieffer; Alain Pirotte This essay focuses on the early years of panel data econometrics and two seminal papers by Yair Mundlak ( 1961 ) and Pietro Balestra and Marc Nerlove ( 1966 ). The issue of latent individual heterogeneity was identified as a central problem. One main ambition...
Journal Article
History of Political Economy (2012) 44 (suppl_1): 160–182.
Published: 01 December 2012
...Thomas A. Stapleford This essay examines the evolution of data-collection practices in American expenditure surveys over much of the twentieth century. Economists conducting expenditure surveys faced one fundamental concern: their success hinged on the cooperation of interviewees (typically...
Journal Article
History of Political Economy (2006) 38 (3): 473–496.
Published: 01 September 2006
... 15 ( September ): 78 -80. ____. 1927b . Need We Be Afraid of a Job Famine? Nation's Business 15 ( January ): 22 -24. New Data, New Issues: The Origins of the Technological Unemployment Debates Gregory R. Woirol New economic data sets are not created by accident. Because...
Journal Article
History of Political Economy (1985) 17 (2): 245–264.
Published: 01 June 1985
... Press CCC 00 I 8-2702/85/$1.50 The functions of numerical data in the writings of Graunt , Petty, and Davenant A. M.Endres I. Introduction This is a study of the functions of numerical data...
Journal Article
History of Political Economy (2017) 49 (Supplement): 1–33.
Published: 01 December 2017
...Roger E. Backhouse; Béatrice Cherrier It is widely accepted that economics has changed significantly since the 1970s with the development of new data sources, new methods of analysis, and the computer. This paper argues that this transformation of the discipline involves more than just a rise...
Journal Article
History of Political Economy 81–110.
Published: 26 August 2021
...” over a twelve-year period. The article wonders how could the statistical fiction be validated by the IMF economists, and to what extent they took part in Mauritanian data production. The article argues that the auditor-auditee relation places less importance on the veracity and the pertinence...
Journal Article
History of Political Economy 259–292.
Published: 26 August 2021
...Amanar Akhabbar How to infer from uncontrolled data the numerical values of the parameters of an econometric model? In interwar econometrics, this problem of statistical induction was tackled in various ways. Wassily Leontief’s inter-industry method offers a case study of a nonprobabilistic...
Journal Article
History of Political Economy 207–226.
Published: 26 August 2021
...Marcel Boumans This essay discusses Francis Galton’s method of inductive inference where the data are photographs of human faces. His aim of induction was to determine the typical characteristics of the natural class to which the individuals belong by composing the relevant photographs...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 188–210.
Published: 01 December 2011
...Aiko Ikeo In Japan the systematic collection of economic data, including the prices of such commodities as rice, started for policy purposes in the sixteenth century. Yet such external impacts as the Tokyo meeting of the International Statistical Institute (1930) and the visit of two founding...
Journal Article
History of Political Economy (2012) 44 (suppl_1): 226–249.
Published: 01 December 2012
... business cycle and DSGE models and to the use of shocks as generators of impulse-response functions, which are in turn used as data in matching estimators. The history is organized around the observability of shocks. As well as documenting a critical conceptual development in economics, the history...
Journal Article
History of Political Economy (2017) 49 (2): 233–265.
Published: 01 June 2017
... of future demand, price and cost fluctuations, or financial markets—based on the analysis of statistical data. Forecasting united a suite of specific interactions with the practice of economics: business support for the construction of specific economic data (making possible new forms of econometric...
Journal Article
History of Political Economy (2018) 50 (S1): 211–230.
Published: 01 December 2018
... in the quantifying of economic development and structural transformation: Simon Kuznets and Hollis Chenery. Kuznets brought the national income framework to bear on the process of growth and structural transformation in, primarily, more-developed countries, with data stretching back to the early phases...
Journal Article
History of Political Economy (2018) 50 (S1): 231–248.
Published: 01 December 2018
...Marcel Boumans; Neil De Marchi Development economics in the 1950s and 1960s, as Jan Tinbergen and Irma Adelman saw it, was a “groping in the dark.” Besides the limited knowledge of dynamic mechanisms, the lack of data was a severe problem for any attempt at modeling, whether macroeconomic, input...
Journal Article
History of Political Economy 293–323.
Published: 26 August 2021
...Harro Maas At the end of the 1950s, resource economists developed a method to derive demand functions for recreation sites from travel cost data for recreation planning purposes. Based on this work, a second, direct method of measurement was developed in the early sixties that became known...
Journal Article
History of Political Economy 53–80.
Published: 26 August 2021
...Jeff Biddle Statistical inference is the process of drawing conclusions from samples of statistical data about things not fully described or recorded in those samples. During the 1920s, economists in the United States articulated a general approach to statistical inference that downplayed the value...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 86–105.
Published: 01 December 2011
...Charles G. Renfro This essay considers some of the circumstances that have characterized econometric practice during the past fifty to sixty years, including both the invention and use of the electronic computer and the growing accessibility of both micro- and macroeconomic data. However, its...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 166–187.
Published: 01 December 2011
...Robert W. Dimand Best known as a Keynesian macroeconomist and monetary theorist, James Tobin was also actively engaged in empirical economics from his doctoral dissertation onward. His innovative combination of time-series data with household budget surveys in his 1947 dissertation and 1950 food...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 283–308.
Published: 01 December 2011
... involved modelers making certain trade-offs between theory and data, and their different positions generated disputes, factions, and confusion. It also reveals that the history of econometric modeling of the Phillips curve mirrors the evolving process of how the Cowles structural modeling paradigm has...
Journal Article
History of Political Economy (2012) 44 (suppl_1): 93–113.
Published: 01 December 2012
... into a more general language that could be understood by a larger community of scientists and by a nationwide public opinion. Political change imposed severe time constraints on data collection. Farm types were devised to handle variety quickly and effectively. Types mobilized difference while preserving...