Sucarrat, GenaroUniversidad Carlos III de Madrid. Departamento de Economía2009-02-272009-02-272009-022340-5031https://hdl.handle.net/10016/3773Econometric reduction theory provides a comprehensive probabilistic framework for the analysis and classification of the reductions (simplifications) associated with empirical econometric models. However, the available approaches to econometric reduction theory are unable to satisfactory accommodate a commonplace theory of social reality, namely that the course of history is indeterministic, that history does not repeat itself and that the future depends on the past. Using concepts from philosophy this paper proposes a solution to these shortcomings, which in addition permits new reductions, interpretations and definitions.application/pdfengAtribución-NoComercial-SinDerivadas 3.0 EspañaTheory of reductionDGPPossible worldsEconometrics and philosophyworking paperB40C50Economíaopen accesswe091005