- American and Briton Win Nobel Economics Prize (NYT): American Robert F. Engle and Briton Clive W.J. Granger won the 2003 Nobel Memorial Prize in Economic Sciences Wednesday. They were given the award for their use of statistical methods for economic time series, the Royal Swedish Academy of Sciences said.
- Nobel press release
- “Necessity, Volition, and Statistics,” by Ludwig von Mises: “There is no such thing as statistical laws.”
- “Regularity and Choosing,” by Ludwig von Mises: “It is pointless to talk of variables where there are no invariables.”
- Statistics: Destroyed from Within? by Murray Rothbard: “The normal curve Emperor has no clothes after all.”
- “Econometrics: A Strange Process“ by Robert Murphy: “The distinction between causation and correlation is not stressed in econometrics. Indeed, for economists truly committed to the positive method, there can be no such distinction.”
- “What’s Wrong with Econometrics?“ by Frank Shostak: “There are no constant standards for measuring the minds, the values, and the ideas of men.”
- “Praxeology: The Methodology of Austrian Economics“ by Murray Rothbard
- Mises.org on Causality
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