Um. No. EcoNOMICS is CAUSATION. EconoMETRICS is CORRELATION. Big… Really Big.

Um. No.

EcoNOMICS is CAUSATION.

EconoMETRICS is CORRELATION.

Big… Really Big. Difference. OK?

You perform RESEARCH with Econometrics so that you can identify and test the INCENTIVES, using PRAXEOLOGY, of individuals who must perform the ACTIONS required to create causal relationships between states. Those tested incentives and their corresponding actions constitute the CAUSATION necessary to determine that you have indeed identified that thing we call ‘Economics’ – instead of some sort of chaotic periodicity without meaning.

Please. We get really tired of correcting you. It’s … painful.

Correlation is a form of obfuscation. If you cannot reduce an economic phenomenon to actions subject to praxeological testing, then you have not yet determined anything.

(SIgh)