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PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 2:
I therefore subscribe to Professor KooPMANS’ thesis that we should
not try to freeze the meanings of the terms used in econometrics at
this stage. I think it will be our experience here this week that as
we discuss econometrics we shall learn, and as we learn the words
we use will come to have different and somewhat sharper meanings
‘han they have now. I fear that we can bog ourselves down by
attempting to clarify points of terminology. Science is groping, and
as we grope we shall wish to change the meanings of the technical
words we use.
VIAHALANOBIS
I should like briefly to make two points. First I shall remove the
apprehensions of Dr. Koopmans; I agree that to try to define what
's East of West would be absolutely futile; but we may say a
« macro-national » or « micro-national » or use such neutral terms.
[ agree also with the points made by Professor LEONTIEF. It seems to
me that what is a decision model or what is a forecasting model also
nvolve the question of terminology. ;
However, terminology is in one sense a procedural point. I do
‘eel that we should have some discussions regarding the objectives of
model making. Whether the question of terminology is pursued or
not I have no strong views; but even the present discussion indicates
that some clarification of terminology would be useful. It is purely
my own personal ignorance. I should like to understand clearly what
is meant by such term as « objective », « neutrality », « forecasting
model » or « decision model » and such things. What are the different
‘ypes of models in relation to different spheres of interest? I am not
suggesting that we should be interested in only one type.
I agree generally with the observations made by Professor FrISCH
that even if we have decision in view by politicians or others, the
role of the scientist is to keep a « neutral » mind in advising how
those « objectives » may be attained. I do not see that « neutrality »
is in any way destroyed by keeping certain « objectives » in mind.
On that point I am in complete agreement.
:] Stone - pag. 106