Significiance Testing in Economics

Andrew Gelman weighs in here and here on the debate between McCloskey, Ziliak, Hoover and Siegler about significance testing in economics.

Here are the relevant papers:

• McCloskey and Ziliak, "The Standard Error of Regressions," Journal of Economic Literature 1996.
• Ziliak and McCloskey, "Size Matters: The Standard Error of Regressions in the American
  Economic Review," Journal of Socio-Economics 2004.
• Hoover and Siegler, "Sound and Fury: McCloskey and Significance Testing in Economics," Journal of Economic Methodology, 2008.
• McCloskey and Ziliak, "Signifying Nothing: Reply to Hoover and Siegler."

Also see Gelman's paper The Difference Between “Significant” and “Not Significant” is not Itself Statistically Significant.