This paper discusses the methodological views of David Hendry. A critique is given on the reification of the so-called Data Generating Process. The merits of general to specific modelling are analyzed. Hendry's neo-Popperian philosophy is examined. It is argued that this philosophy is not able to transform econometrics from `alchemy' to `science'.
|Number of pages||24|
|Publication status||Published - 1995|
|Name||CentER Discussion Paper|
- Data Generation Process