Tuesday, April 13, 2010

Econometrics Hall of Fame

For the very first verse we could do a lot worse
Than to remember Jevons and Moore
Were sunspots what made the cycles in trade?
Or was their approach too flawed?

And then came the turn of Mitchell and Burns
And Persons played a big part in it too
But Slutsky and Yule knew correlations could fool
With spurious findings thought to be true.

With a Nobel prize for the specially wise
Jan Tinbergen was one of the first
And if Ragnar Frisch could have just one wish
Confluence analysis would still be rehearsed.

And Koopmans and Klein would think it just fine
To be remembered as part of the story
Haavelmo and Stone should also be known
And given their share of the glory.

So remember these names for the big hall of fame
Econometrics Hall of Fame
They were all very smart and played a big part
In the Econometrics Hall of Fame, oh yeah
Econometrics Hall of Fame

Now Engle and Granger could never be strangers
To students with time series data
You can feel the elation of cointegration
We all get it sooner or later.

But the list'd be in vain if we forgot the Great Dane
Soren Johansen, both modest and brilliant a man
who, with great intuition, proposed an ingenious solution
to determine dimension of a vector-spanned space

And Sir David Hendry is one of the best
Remember his mantra to test, test and test
With Durbin and Watson and Sargan before
The LSE school should not be ignored.

And the authors of textbooks deserve our respect
For keeping us all in the loop
Judge, Goldberger and Johnston I would never neglect
Now its Wooldridge, Kennedy and Koop.

Now I may have missed someone off of this list
Who should be here or more widely known
If that is your view then what you should do
Is to add in a verse of your own.

So remember these names for the big hall of fame
Econometrics Hall of Fame
They were all very smart and played a big part
In the Econometrics Hall of Fame, oh yeah
Econometrics Hall of Fame

Guy Judge, April 2010 (with thanks to Joachim Grammig for the Johansen verse)

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