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The Potential For Economics Research

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  • Edwards, Clark

Abstract

Realizing the potential for economics research depends on the successful completion of several interdependent tasks: • A problem is identified, • Data related to the problem are collected, • Description transforms data into useful information, • Theory is brought to bear so that the problem can be understood and analyzed, • Explanation involves interaction between data and theory in order to make clear that which needs to be understood, • Prescription points to actions which can alter the course of events and deal with the problem.

Suggested Citation

  • Edwards, Clark, 1978. "The Potential For Economics Research," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 30(4), pages 1-7, October.
    • Handle: RePEc:ags:uersja:148390
    DOI: 10.22004/ag.econ.148390
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