Econometrics // Lecture 3: OLS and Goodness-Of-Fit (R-Squared)

First the emergence of the Austrian school is described regarding the historical context and other schools of thought that were presence at its inception. Emphasis is given to the methodological differences and disputes that members of the Austrian schools had with representatives of the German historical school. Then some defining theoretical and methodological features of the Austrian school are explained. Later, Friedrun Quaas gives an overview of the different generations of scholars associated with the school and their theories, research questions and concepts. Against the background of this knowledge the question as to whether the question as to whether the Austrian school is sufficiently homogenous to denote a consistent paradigm is discussed. At the end, some general, philosophy of science oriented, questions concerning pluralism in the social sciences are posed.

Why do historian of economic thought do not talk about women ? Find some food for thought in this short video made by the European Society for History of Economic Thought ! Scheduled: 13.02.2021

Das weitgehende Verschwinden Marx’scher Ökonomie aus den Standardlehrbüchern der Volkswirtschaftslehre Johannes Jäger Quelle: van Treeck, Till, and Janina Urban. Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie. iRights Media, 2016. Das Buch kann hier bestellt werden: http://irights-media.de/publikationen/wirtschaft-neu-denken/.   Rezensierte Bücher: Mankiw, N.G./Taylor, M.P. (2016): Grundzüge der Volkswirtschaftslehre, 6. Auflage, Stuttgart: Schäffer-Poeschel, …

Dank der Klimabewegung ist die Bekämpfung der Klimakrise eines der Top-Themen in der EU geworden. Doch um echte Erfolge zu erzielen, müssen sich der ökonomische Diskurs und die politische Beratung grundsätzlich verändern.