[OPE-L:6193] Fw: econometrics

From: Gerald_A_Levy (Gerald_A_Levy@email.msn.com)
Date: Sun Nov 18 2001 - 08:37:26 EST

----- Original Message -----
From: "Jurriaan Bendien" <j.bendien@wolmail.nl>
Sent: Sunday, November 18, 2001 8:13 AM

> Hi Jerry,
> Well econometrics encompasses a "host of sins", but I take your point -
> perhaps we should distinguish then between specific econometric techniques
> and the theoretical presumptions underlying much econometric modelling.
> Note however that without such things as macro-economic input-output
> tables, much empirical research into the relationships between key
> variables in Marx's economic theory would not have been possible. Hence I
> think a selective, critical appropriation of econometrics is pertinent (I
> find it difficult to believe that marginal utility theory underpins
> Leontief's input-out analysis !). As I've argued before, why should Marx's
> critique of political economy stop after a critical appropriation of the
> insights of Smith and Ricardo ?
> Regards
> Jurriaan

This archive was generated by hypermail 2b30 : Sun Dec 02 2001 - 00:00:06 EST