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Incremental Innovation in Economics

In: Economics as Anatomy

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Abstract

When it first appeared in the 1930s, econometrics was definitely a radical innovation. It arrived into an economics discipline which had two main strands: a theoretical tradition that was, with some exceptions, literary rather than mathematical; and an empirical tradition that was descriptive, and not based on indirect statistical inference. In place of that, the Econometric Society proposed a new approach to the science of economics, based on the ‘triad’ of economic theory, mathematics and statistics

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  • ., 2019. "Incremental Innovation in Economics," Chapters, in: Economics as Anatomy, chapter 10, pages 107-118, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17539_10
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    Cited by:

    1. Nii-Aponsah, Hubert, 2022. "Automation exposure and implications in advanced and developing countries across gender, age, and skills," MERIT Working Papers 2022-021, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Tom Kemeny & Sergio Petralia & Michael Storper, 2022. "Disruptive innovation and spatial inequality," Papers in Evolutionary Economic Geography (PEEG) 2211, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2022.

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    Keywords

    Economics and Finance; Research Methods;

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