Does economics need a scientific revolution?

Kitov, Ivan (2009): Does economics need a scientific revolution?

Abstract

Economics does not need a scientific revolution. Economics needs accurate measurements according to high standards of natural sciences and meticulous work on revealing empirical relationships between measured variables.

• Item Type: MPRA Paper
• Language: English
• Keywords: economics, science
• Subjects: A - General Economics and Teaching > A1 - General Economics

References

Boucahud, J.-P., (2008). Economics needs scientific revolution, Nature, v.455, 30 October 2008.

Prescott, E., (1998). Business cycle research: methods and problems, Federal Reserve Bank of Minneapolis, working paper 590.

Kitov, I., (2009). Mechanical model of personal income distribution, Working Papers 110, ECINEQ, Society for the Study of Economic Inequality, http://www.ecineq.org/milano/WP/ECINEQ2009-110.pdf

Kitov, I., Kitov, O., Dolinskaya, S., (2008). Comprehensive Macro – Model For The US Economy, Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 3(4(6)_Wint), pp. 405-418.

Kitov, I., Kitov, O., (2009). Unemployment and inflation in Western Europe: solution by the boundary element method, MPRA Paper 14341, University Library of Munich, Germany.