Econometrics may be defined as the quantitative analysis of… - Tjalling Koopmans

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Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.

Tjalling Koopmans

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About Tjalling Koopmans

Tjalling Charles Koopmans (August 28, 1910 – February 26, 1985) was a Dutch-American mathematician and economist, the joint winner with Leonid Kantorovich of the 1975 .

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Alternative Names: Tjalling Charles Koopmans • T. C. Koopmans

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Kenneth Arrow George Stigler Ragnar Frisch Paul Ormerod Paul Samuelson

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We look upon economic theory as a sequence of conceptual models that seek to express in simplified form different aspects of an always more complicated reality.

[This work urges] a clearer separation, in the construction of economic knowledge, between reasoning and recognition of facts, for the better protection of both.

One is led to conclude that economics as a scientific discipline is still somewhat hanging in the air.

Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, … - Tjalling Koopmans

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