Econometrics: Ideology in Equations?
Husson, Michel
Econometrics: Ideology in Equations? - 2003.
50
Within the terms of the dominant theory, unemployment can only be the consequence of excessive wage-levels. The procedures resorted to in support of such a hypothesis do however tend to violate a reality which remains stubbornly recalcitrant, even when the most sophisticated devices of formalization are adopted. Since the domination exercised by the dominant economic model is not a function of its actual epistemological productiveness, it is worthwhile to reflect on the operational conditions governing a field that is polarized between theory and ideology.
Econometrics: Ideology in Equations? - 2003.
50
Within the terms of the dominant theory, unemployment can only be the consequence of excessive wage-levels. The procedures resorted to in support of such a hypothesis do however tend to violate a reality which remains stubbornly recalcitrant, even when the most sophisticated devices of formalization are adopted. Since the domination exercised by the dominant economic model is not a function of its actual epistemological productiveness, it is worthwhile to reflect on the operational conditions governing a field that is polarized between theory and ideology.
Réseaux sociaux