Northcott, Robert (2019) Prediction versus accommodation in economics. Journal of Economic Methodology 26 (1), pp. 59-69. ISSN 1350-178X.
![[img]](https://eprints.bbk.ac.uk/style/images/fileicons/text.png) |
Text
INEM 6.w18.docx - Author's Accepted Manuscript Download (38kB) |
Abstract
Should we insist on prediction, i.e. on correctly forecasting the future? Or can we rest content with accommodation, i.e. empirical success only with respect to the past? I apply general considerations about this issue to the case of economics. In particular, I examine various ways in which mere accommodation can be sufficient, in order to see whether those ways apply to economics. Two conclusions result. First, an entanglement thesis: the need for prediction is entangled with the methodological role of orthodox economic theory. Second, a conditional predictivism: if we are not committed to orthodox economic theory, then (often) we should demand prediction rather than accommodation – against most current practice.
Metadata
| Item Type: | Article |
|---|---|
| Additional Information: | This is an Accepted Manuscript of an article published by Taylor & Francis, available online at the link above. |
| School: | Birkbeck Faculties and Schools > Faculty of Humanities and Social Sciences > School of Historical Studies |
| Depositing User: | Robert Northcott |
| Date Deposited: | 17 Dec 2018 15:20 |
| Last Modified: | 02 Aug 2023 17:47 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/25534 |
Statistics
Additional statistics are available via IRStats2.
Archive Staff Only (login required)
