Metaphors and truth

Submitted by sarraf on March 7, 2012 - 9:01am

 

Econometric models are metaphors providing different windows on a complex and bewildering reality
~Pesaran (1988)

"Truth" is really nothing more than a "correspondence" with the facts, and an important role for the econometrics is to articulate what constitutes a satisfactory degree of correspondence
~Poirier (1988)

source: Kennedy (1992)

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