Abstract
There are several criteria for deciding among competing theories. We already considered the more narrowly defined statistical criteria drawn up by Hendry and Richard (1983) in Chapter 15. Among their seven criteria, four are of broader significance and find application whenever scientists seek to choose between alternative theories.
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© 2005 Richard A. Werner
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Werner, R.A. (2005). A New Kind of Economics. In: New Paradigm in Macroeconomics. Palgrave Macmillan, London. https://doi.org/10.1057/9780230506077_24
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DOI: https://doi.org/10.1057/9780230506077_24
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-4039-2074-4
Online ISBN: 978-0-230-50607-7
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