Page 31 - The Importance of Common Metrics for Advacing Social Science Theory and Research
P. 31

The Importance of Common Metrics for Advancing Social Science Theory and Research: A Workshop Summary
  http://www.nap.edu/catalog/13034.html

            MEASUREMENT IN THE SOCIAL SCIENCES                            19

            private institution, the NBER charter incorporates appreciation for the ex-
            plicit connection between facts and policy, emphasis on scientific principles
            and impartiality, and the expectation that the bureau should abstain from
            making recommendations on policy (Fabricant, 1984).
               As  recounted  by  Willis,  the  first  NBER  project  can  be  considered  a
            case study of professionalization in the production of standard measures.
            National income measurement is based on a close connection between eco-
            nomic theory and the definition of the measurement tasks. In the 1930s,
            the project moved to the newly formed Bureau of Economic Analysis (BEA)
            in the U.S. Department of Commerce, national income accounts became
            part of the official statistics of the United States, and the methodology was
            adopted by other countries around the world. Willis noted the explicit at-
            tempt, first in the founding of the NBER itself and later in the incorporation
            of this work into the government, to make the production of the data as
            resistant as possible to political and other pressures.
               In addition to BEA, Willis counted the Census Bureau, the Bureau of
            Labor Statistics, and others as federal statistical agencies committed to the
            collection of objective data free of partisanship and advocacy. He recalled
            various crises in which professionals in statistical agencies have stood their
            ground, refusing to manipulate a measure, such as the unemployment rate,
            for political advantage. A case in point can be seen in the advice given by
            Francis Walker—the superintendent of the 1870 census, the founding com-
            missioner of the Bureau of Labor Statistics, the inaugural president of the
            American Economic Association, and a vice president of the National Acad-
            emy of Sciences—to the first commissioner of the Massachusetts Bureau of
            Labor Statistics (Walker, 1877: vii-viii as cited in Prewitt, 1987):
               Your office has only to prove itself superior to partisan dictation and to the
               seductions of theory, in order to command the cordial support of the press
               and the body of citizens. . . . I have strong hopes that you will distinctively
               and decisively disconnect [the bureau] from politics.

                               Measurement in Economic Life
               In  elaborating  on  the  connection  between  theory  and  policy,  Willis
            turned next to measurement in economic life. People enter exchanges only if
            they believe they are getting more than they give. Just as standardized mea-
            surement of physical quantities and monetary values have ancient origins
            (see Bohrnstedt, 2010), so do the actions of private actors and sovereigns
            to subvert the standards, or capitalize on asymmetric information, for their
            own advantage.
               Willis  pointed  to  measurement  of  gross  domestic  product  (GDP)  as
            the canonical example of standardized measurement in economics. GDP is









                      Copyright © National Academy of Sciences. All rights reserved.
   26   27   28   29   30   31   32   33   34   35   36