Study week on the econometric approach to development planning

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Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: The analysis of economic systems / Richard Stone, Cambridge University - Cambridge - Great Britain

Collection:: Economics Books

102 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 2§ so, because it might be that the return on disaggregation after a certain point ceases to be worthwhile. My second comment has to do with the proposal towards agreeing on a terminology in which to discuss model construction. I have misgivings about that proposal. Scientific terminology generally comes about by a process very much like consumer’s choice in the market place; some authors use new terms that are picked up; the same authors may have used other terms that were not taken up. There is a social process of accumulation of terminology that is an extremely valuable screening process, not only of terms, but also of the ideas associated with these terms. If we make a concerted effort ‘0 set up a terminology, we may find ourselves unwittingly and unwillingly setting up ideas rather than terms, because some terms are most suitable as vehicles for certain ideas. I would therefore put in a plea for allowing the natural selection of terminology to take its course also in this area. VIAHALANOBIS I should apologise for having failed to convey what I meant by :erminology. Sometimes we speak of « macro » and « micro » mo- dels. My point was that it would be useful to have, for example, an agreed terminology of using the two concepts « macro » and « micro » in relation to the particular domain of interest of which we are making a model. Now if we simply wait for general agreement, such agreement may never be reached. I may give a specific instance; in social accounts, in national income, it became necessary continually to have a standard terminology; for example, what should be meant by « net national income ». I suggested that model making has now reached a stage where an agreed terminology, in a purely scientific sense, would be extremely useful for purposes of description. [ think it is possible up to a point to have a terminology without Injecting any views in it. ... I may give a specific example. In my own country, we have distinguished between « projection » and « target ». « Projection » is what we get from historical experience, 11 Stone - pag. 100

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