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The paper argues that the textbook methodology constitutes a less flexible version of Tinbergen's approach and apart from the probabilistic language, it has little in common with the methodology in Haavelmo's 1944 monograph, commonly acknowledged as having founded modern econometrics. The methodology in this monograph includes several important elements which have either been discarded or never fully integrated within the textbook approach. A re-synthesis of these elements gives rise to an alternative methodological framework. This framework can be used to meet most of the objections to the textbook methodology and provides a framework in the context of which the recent methodological controversies can be evaluated.<\/jats:p>","DOI":"10.1017\/s0266466600012597","type":"journal-article","created":{"date-parts":[[2010,10,18]],"date-time":"2010-10-18T09:15:33Z","timestamp":1287393333000},"page":"405-429","source":"Crossref","is-referenced-by-count":51,"title":["On Rereading Haavelmo: A Retrospective View of Econometric Modeling"],"prefix":"10.1017","volume":"5","author":[{"given":"Aris","family":"Spanos","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"56","published-online":{"date-parts":[[2010,10,18]]},"reference":[{"key":"S0266466600012597_ref001","first-page":"39","article-title":"Early progress in estimating quantitative economic relationships in America","volume":"75","author":"Christ","year":"1985","journal-title":"American Economic Review"},{"key":"S0266466600012597_ref070","doi-asserted-by":"publisher","DOI":"10.2307\/1927853"},{"key":"S0266466600012597_ref062","volume-title":"Papers and Proceedings of the Conference on the A nalysis of the Company Gro wth, l'industria","volume":"2","author":"Spanos","year":"1988"},{"key":"S0266466600012597_ref003","volume-title":"Stochastic processes","author":"Doob","year":"1953"},{"key":"S0266466600012597_ref031","volume-title":"Statistical inference in dynamic economic models","author":"Koopmans","year":"1950"},{"key":"S0266466600012597_ref035","doi-asserted-by":"publisher","DOI":"10.1086\/259559"},{"key":"S0266466600012597_ref005","doi-asserted-by":"publisher","DOI":"10.2307\/1911990"},{"key":"S0266466600012597_ref002","first-page":"32","article-title":"Application of least-squares regression to relationships containing autocorrelated error terms.","volume":"44","author":"Cochrane","year":"1949","journal-title":"Journal of the American Statistical Association"},{"key":"S0266466600012597_ref004","first-page":"409","article-title":"Testing for serial correlation in least-squares regression, I.","volume":"37","author":"Durbin","year":"1950","journal-title":"Biometrica"},{"key":"S0266466600012597_ref010","volume-title":"Statistical versus theoretical relations in economic macro-dynamics","author":"Frisch","year":"1938"},{"key":"S0266466600012597_ref018","volume-title":"Disequilibrium and latent variables","author":"Hendry","year":"1980"},{"key":"S0266466600012597_ref025","volume-title":"The theory and practice of econometrics","author":"Judge","year":"1985"},{"key":"S0266466600012597_ref049","doi-asserted-by":"publisher","DOI":"10.2307\/1913237"},{"key":"S0266466600012597_ref024","volume-title":"Handbook of Econometrics","author":"Judge","year":"1983"},{"key":"S0266466600012597_ref068","volume-title":"Statistical testing of business cycle theories, vols I and II","author":"Tinbergen","year":"1939"},{"key":"S0266466600012597_ref015","doi-asserted-by":"publisher","DOI":"10.2307\/1905714"},{"key":"S0266466600012597_ref063","unstructured":"63. 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