….is John Rust’s Comments on Michael Keane’s “Structural vs. Atheoretic Approaches to Econometrics“. Perhaps too strong in some parts (though I can understand why), but simply great overall (inter alia, possibly the best defence of structural econometrics I’ve seen so far- for sure the clearest and most concise one). I am still reading the (excellent so far) article by Keane (forthcoming in the Journal of Econometrics, see a working version here).
Thanks to Nicolai for pointing out to me Keane’s paper and Rust’s comments on it.
PS. Reading Rust’s short paper mentioned above, one also has a better idea of which parts of Rubinstein’s critic to Levitt and Dubner’s ‘Freakonomics’ I agree with, to link with my previous post.
