The critique of philosophical foundations of neoclassical economics is significant, because of its hegemony on economic education and research programs in Iran and worldwide academies. Due to an epistemological fallacy, methodological individualism plays a prominent role in the philosophy of economic; since the ontological aspects of economy are reduced to methodological considerations. Accordingly, critique of methodological individualism is regarded as the main entry for philosophical analysis of neoclassical economics. This article aims to analyze and appraise the methodological individualism from critical (...) realism’s point of view. Critical realism is taken as a stand for criticizing methodological individualism, because critical realism and neoclassical economics as a positive approach to economics, both share a realistic worldview. The critical realism’ critique of methodological individualism is bases on analyzing the concepts of formalism, syllogism, social atomism, isolation and reduction. From critical realism’ point of view because of unrealistic postulations of methodological individualism, neoclassical economics is turned to an abstract and deductive science such as mathematics with a low potentiality of explanation. (shrink)

The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift? The author synthesizes criticisms from different perspectives (descriptive and methodological). Special attention is paid to choices over time, because in this area value-free economics has the most problems. In that context, the enriched concept of multiple self is proposed and investigated. However, it is not enough to present the criticisms towards value-free economics. For scientists, a bad paradigm is better (...) than no paradigm. Therefore, the author considers whether value-based economics with normative approaches such as economics of happiness, capability approach, libertarian paternalism, and the concept of multiple self can be the alternative paradigm for value-free economics. This book is essential reading to everyone interested in the current state of economics as a discipline. (shrink)

This open access book provides an exploration of the consequences of the ontological differences between natural and social objects (sometimes described as objects of nature and objects of thought) in the workings of causal and agency relationships. One of its important and possibly original conclusions is that causal and agency relationships do not encompass all of the dependent relationships encountered in social life. The idea that social reality is contingent has been known (and largely undisputed) at least since Wittgenstein’s “On (...) Certainty”, but social science, and most notably economics has continued to operate on the basis of causal and agency theories borrowed or adapted from the natural sciences. This volume contains essays that retain and justify the partial or qualified use of this approach and essays that totally reject any use of causal and agency theory built on determined facts (closed systems).The rejection is based on the possibly original claim that, whereas causation in the objects of the natural sciences reside in their properties, human action is a matter of intentionality. It engages with critical realist theory and re-examines the role of free will in theories of human action in general and economic theory in particular. (shrink)

Scientific pluralism, a normative endorsement of the plurality or multiplicity of research approaches in science, has recently been advocated by several philosophers (e.g., Kellert et al. 2006, Kitcher 2001, Longino 2013, Mitchell 2009, and Chang 2010). Comparing these accounts of scientific pluralism, one will encounter quite some variation. We want to clarify the different interpretations of scientific pluralism by showing how they incarnate different models of democracy, stipulating the desired interaction among the plurality of research approaches in different ways. Furthermore, (...) the example of scientific pluralism is used to advocate the application of democratic theory to philosophy of science problems in general. Drawing on the parallels between models of science and models of democracy, we can articulate how the plurality of research approaches in science should interact within a democratic framework as well as how to cultivate multiple research approaches in the epistemically most productive way possible. This will not only improve our understanding of scientific plurality, but it can also help us stipulating how different research approaches should interact to constitute the most objective account possible or how the ideal of scientific consensus has to be understood. Ultimately, developing democratic models of science bears on the question of how deeply science and democracy are entwined. (shrink)

This article scrutinizes some theoretical procedures prevalent in the philosophy of social science. These procedures are exemplified in Elder-Vass’s critical realism, which promises to place the social sciences on a sound ontological footing. The article focuses on the way that Elder-Vass’s general emergentist ontology is constituted and on the methods through which it is applied to society. It is contended that the ontology is not and could not be grounded in science and that its philosophical use distorts what it is (...) applied to. The incoherent methods that social ontological projects constitutionally rely on entail that they cannot ground social scientific explanation. (shrink)

Informed by a critical realist approach, this article criticizes the dearth of research on the question of the need for capital that prospective owners of modern Norwegian second homes are faced with. The main method used for theorizing capital need is the model for an applied explanatory science proposed by Bhaskar, the RRREIC schema, which helps us understand the necessary components of a second home transaction. This leads to an in-depth analysis of this phenomenon and specifically traces the mechanisms related (...) to and activated by obtaining a bank loan. Through this a paradox arises and doubt is cast on the sustainability of a loan-based second home ownership. Besides uncovering this paradox, the article concludes that a research approach such as the RRREIC schema can provide expanded understanding of the mechanisms involved in Norwegian second home ownership. (shrink)

ABSTRACTThis paper strengthens Bhaskar’s case for the possibility of naturalism. Building on Bhaskar’s A Realist Theory of Science and The Possibility of Naturalism, and on more recent contributions by Douglas Porpora, it traces the evolution of Bhaskar’s concept of 'intransitive' and follows his suggestion to treat social structure as an intransitive generative mechanism analogous to the generative mechanisms of the natural sciences. It is suggested, building on Porpora, that the constitutive rules of the market are usefully regarded as generating an (...) intransitive 'basic social structure.' That this same intransitive object is reasonably regarded as continuing to exist and act under different descriptions is illustrated by citing how different scholars have approached it with different concepts and vocabularies. It expands on Bhaskar’s first example of an intransitive object of social science, the mass unemployment that provided a ‘motor’ for Keynes, and on Porpora’s examples of the causal powers of social structures. (shrink)

This paper aims (a) to provide characterizations of realism and instrumentalism that are philosophically interesting and applicable to economics; and (b) to defend instrumentalism against realism as a methodological stance in economics. Starting point is the observation that ‘all models are false’, which, or so I argue, is difficult to square with the realist's aim of truth, even if the latter is understood as ‘partial’ or ‘approximate’. The three cheers in favour of instrumentalism are: (1) Once we have usefulness, truth (...) is redundant. (2) There is something disturbing about causal structure. (3) It's better to do what one can than to chase rainbows. (shrink)

A recent movement in the social sciences and philosophy of the social sciences focuses on mechanisms as a central analytical unit. Starting from a pluralist perspective on the aims of the social sciences, I argue that there are a number of important aims to which knowledge about mechanisms—whatever their virtues relative to other aims—contributes very little at best and that investigating mechanisms is therefore a methodological strategy with fairly limited applicability. Key Words: social science • mechanisms • explanation • critical (...) realism • methodology. (shrink)

In recent years there have been an increasing number of contributions to economic methodology that develop or seek to reveal ontological positions. Despite this there is no agreement about either what ontology is or how it can contribute to economics. For some ontological theorising reveals the presuppositions of economists and its role is largely descriptive. Others see ontology as primarily engaged in setting out and defending a general account of some domain of reality and suggest that such a conception can (...) help us evaluate the appropriateness of the methods economists deploy. In this paper I clarify the scope and role of such theorising in economics by considering two projects with ontological orientations, namely critical realism in economics as developed by Tony Lawson and Nancy Cartwright’s work on the nature of economic theory. I argue that there are similarities between these two projects but also differences and show that these can be better understood once we recognise that each draws on a distinct conception of the legitimate scope of ontological theorising. I use Peirce’s writings on the nature of sustainable metaphysical analysis to clarify certain aspects of the approach to ontological theorising that Lawson favours. (shrink)

Caroline New is an energetic activist who has interpolated critical realist ideas into the front-line of political activism. In this wide-ranging interview, she begins by reflecting on her life and how she became a realist and her account is illustrated with personal anecdotes recalling memories of well-known philosophers and activists from the time. She discusses how her position set her apart from other feminists and she examines the interacting threads of longstanding debates on the political left, as well as longstanding (...) debates within critical realist circles, such as the relative importance of quantitative methods in social research and the scope for agency as a source of intentional change. Finally she brings some of her ideas to bear on contemporary issues. This engaging interview notably provides some of the social context in which critical realism developed, while also pointing towards its future potential. (shrink)

In this article, I clarify some of the key concepts and commitments of realist social ontology in economics. To do so, I make use of a recent critique of Lawson’s Reorienting Economics by Mohun and Veneziani. Their article provides a useful foil because responding to their critique allows us to emphasize that realism’s claims are more conditional and less controversial than one might otherwise anticipate. The basic claim is that ontology matters and that explicit recognition and consideration of ontological issues (...) can be beneficial. However, developing a focus on ontology can create problems of interpretation among economists regarding what is being claimed and offered. I discuss some of these with reference to an adaption of Maki’s concept of economics imperialism and also with reference to Mary Morgan’s recent typology of experiments. (shrink)

In the following review essay I explore the limitations of effective and constructive critique of Tony Lawson’s realism in economics as articulated in Ontology and Economics. In the first section I summarize the different framing procedures that shape the different critiques. In the second section I illustrate the limitations this creates using Caldwell’s contribution and in the third section I explore the way Lawson is conditioned to respond in terms of contestation, clarification and restatement. In the fourth section I add (...) some additional detail based on Samuelson’s approach to modelling in order to illustrate what is at issue between Caldwell and Lawson and to emphasize what this suggests in terms of a common pattern across the contributions to the text. In the fifth section and in the conclusion I link the limitations of the various critiques found in Ontology and Economics to a basic issue of the vulnerability of realism to critique in order to make some suggestions regarding constructive critique and development for realism in economics. (shrink)

In the following review essay I provide some background in order to place Margaret Archer's edited Volume 3 text, Generative Mechanisms, in context of the series from which it derives. In doing so I provide some sense of the significance of the series. Thereafter, I provide an overview of the key substantive claims of the essays, with some comment on how they may be linked together in terms of the theme of the series.

Reorienting Economics analyzes many important issues in the social sciences. This article focuses on Lawson’s key methodological and epistemological claims concerning the role of mathematics in social theory. Lawson provides several forceful criticisms of the search for mathematical rigor for the mere sake of formalism. Yet his stronger claims on the extremely limited, if nonexistent, scope for formal analysis in the social sciences are less convincing. In general, his purely methodological approach does not provide robust foundations for reorienting economics.

In his new book The Idea of Justice, Amartya Sen argues that political theory should not consist only in the characterisation of ideal situations of perfect justice. In so doing, Sen is making, within the context of political theory, a similar argument to another he also made in economic theory, when crtiticising what he called the ?rational fool? of mainstream economics. Sen criticised the ideal and fictitious agent of mainstream economics, while advocating for a return to an integrated view of (...) ethics and economics, which characterised many classical political economists who inspired Sen's theory of justice, from Adam Smith to Karl Marx. I will examine Sen's revival of classical political economy, and argue that a revival of classical political economy, which was undertaken earlier by Piero Sraffa, has much potential for bringing a more plural and realist perspective to economics. (shrink)

Mainstream game theory explains cooperation as the outcome of the interaction of agents who permanently pursue their individual goals. Amartya Sen argues instead that cooperation can only be understood by positing a type of rule-following behaviour that can be out of phase with the pursuit of individual goals, due to the existence of a collective identity. However, Sen does not clarify the ontological preconditions for the type of social behaviour he describes. I will argue that Sen's account of collective identity (...) can be best interpreted in the light of John Searle's notion of collective intentionality, while Sen's explanation of rule-following behavior and agency is best understood using the critical realist transformational model of social activity. (shrink)

In this article I address the question of whether corporations should be considered as part of the basic structure of society as defined in Rawls’s Theory of Justice. To do so, it becomes necessary to understand which institutions are crucial for defining Rawls’s basic structure of society. I will argue that a social ontology aimed at understanding how human institutions influence various aspects presupposed in Rawls’s basic structure of society can help addressing this topic. To do so, I shall draw (...) upon the social ontology elaborated by Searle, who follows an approach that is particularly suitable for showing how Rawls’s basic structure of society already contains an institutional setting that must take corporations into account in its very formulation, due to the implications of the activities of the corporation for distributive justice. (shrink)

Rom Harré criticizes critical realism for ascribing causal powers to social structures, arguing that it is human individuals, and not social structures, that possess causal powers, and that a false conception of structural causation undermines the emancipatory potential of critical realism. I argue that an interpretation of the category of process as the spatio-temporalization of the category of structure, which underpins much evolutionary theory, provides the conceptual tools to explain how the critical realist transformational model of social activity can escape (...) from Harré’s criticism, leading to a general conception of social development within which various types of evolutionary processes can be identified as particular cases. I then argue that Tony Lawson’s PVRS model provides an evolutionary perspective that enables the conceptualization of coercive power as selective pressure. (shrink)

This article revisits the "harmony doctrine" school of economics and its distinctive understanding of how ethics and economics intersect. Harmony doctrine thinkers staked out a “natural” understanding of economic phenomena that in many ways fused the classical political economy of Adam Smith with the earlier French Physiocratic School. Their metaphysically grounded interpretation was largely eclipsed by the developments of utilitarian and marginalist schools by the end of the nineteenth century. Yet harmony doctrine thinking adhered to a distinct understanding of how (...) ethical processes and outcomes play out within the economic sphere that has to date gone under examined by business ethicists. This paper outlines three characteristics of harmony doctrine views: the belief in curative forces empowered to "heal" the economic order, a dichotomous interpretation of the economic realm that distinguishes the “natural” from the “artificial,” and an overarching belief in a harmonious social order actualized by cooperative interdependencies within economic enterprises. Despite falling into obscurity in the economic discipline, all these ideas found new life in intellectual currents of organizational and political thought at the turn of the twentieth century. After surveying these historical developments, this article concludes by demonstrating how harmony doctrine thinking helpfully illuminates persisting metaphysical dimensions of contemporary business ethics. (shrink)

The discipline of economics can benefit from a more explicit, systematic, and sustained concern with ontology; that is, with the philosophical analysis of the nature of the social world. Contrary to the argument advanced in these pages by Gerry Steele , critical-realist ontological analysis encourages fruitful economic research in a number of ways: by helping to identify research methods suitable for analyzing economic issues; by promoting the development of key substantive economic concepts; and by helping to reveal and resolve inconsistencies (...) in existing research. (shrink)

Hayek's later work on the possibility of socio-economic order in decentralized market economies is an exercise in contrastive causal explanation as conceptualized by realist social theorists and philosophers. This interpretation of Hayek's work lends support to the view that Hayek's post-1960 writings can be thought of as an example of comparative institutional analysis. It also provides a means of reinforcing Hayek's own efforts to establish the scientific credentials of his work.

In Part 1 of this wide-ranging interview Tony Lawson first discusses his role in the formation of IACR and how he relates to the generalized use of the term ‘Critical Realism’. He then provides com...

In those parts of his paper that have the clearest bearing upon mycontributions, Simon Deichsel 1) elaborates various conceptions ofrealism; 2) declares himself an anti-realist of a specific sort; 3) seeks toidentify and criticise pragmatic aspects of my justification for adoptinga realist orientation; and 4) argues that his anti-realist perspective ispreferable to realism.An immediate problem with Deichsel’s project, if intended as acritique of my own realist orientation, is that the sort of realism againstwhich his anti-realism is oppositionally defined is not (...) the versionof realism I maintain. In fact the only one of Deichsel’s formulationsthat I unambiguously accept as a version of realism is ontological realism. Realism as I understand the term is about existence.It is ontological in nature. At its most basic, it posits the existence of an‘external’ reality.1So understood, realism is not a theory of knowledge, or of language,or even of truth. Indeed so formulated it says nothing about knowledgeor truth.2In particular it does not commit anyone to the correspondencetheory of truth, or indeed to any other theory or conception of truth.In fact it is not a semantic theory at all. (shrink)

The literature in economic methodology has witnessed an increase in the number of studies which, drawing upon the postmodern turn in social sciences, pay serious attention to the non-epistemological-discursive elements of economic theorizing. This recent work on the "economic discourse" has thus added a new dimension to economic methodology by analyzing various discursive aspects of the construction of scientific meanings in economics. Taking a similar stance, this paper explores Michel Foucault's archaeological analysis of scientific discourses. It aims to show that (...) his archaeological reading of the history of economic thought provides an articulate non-epistemological framework for the analysis of the discursive elements in the history of economics and contemporary economic theorizing. (shrink)

It is a contradictory argument to say on the one hand that social systems are always open and that there is nothing between closed and open systems, and on the other that there are pseudo-closed systems. Further, Petter Næss has shown that multivariate regression analysis can be used to help uncover mechanisms, something that should be impossible if social systems were always open. He has in addition found that the meaningful activity of urban planning requires for its existence the possibility (...) to make crude, qualitative predictions, which should also be impossible for the same reason. Critical realists therefore need to rethink the whole question of closed and open social systems. (shrink)

In this paper a critique to philosophical approaches that presuppose invariant knowledge for policy purposes is carried out. It is shown that socioeconomic processes do not fit to the logic of stable causal factors, but they are more suited to the logic of "open-ended results". On the basis of this ontological variation it is argued that ex-ante interventions are not appropriate in the socioeconomic realm. On the contrary, they must be understood in a “dynamic” sense. Finally, derivational robustness analysis is (...) proposed as a useful tool for overcoming the problem of “overconstraint”, a typical problem of economic models. (shrink)

Resumen La tesis principal del artículo es que la estrategia estándar de modelización económica basada en la construcción de sistemas cerrados y de agentes optimizadores es ineficaz para el tratamiento de la incertidumbre. Puesto que bajo incertidumbre los agentes económicos desconocen cuál es el resultado final de un curso de acción, las decisiones de estos no deberían ser representadas por el cálculo de optimización bajo restricciones. La construcción de sistemas axiomáticos deductivos que conducen a la derivación de un único resultado (...) también será puesta en tela de juicio, y se propondrá su reemplazo por una lógica de investigación basada en simulaciones.The purpose of this essay is to show that the standard approach of economic modelling is ineffective for the issue of uncertainty. Since under uncertainty economic agents do not know the final outcome of a course of action, their decisions should not be represented by the process of constrained optimization. The construction of axiomatic systems that lead to the derivation of a single result is also put into question; its replacement by a simulation-based approach is proposed. (shrink)

I present an immanent, and explanatory, critique of reflections on the nature of politics and of power within political science. I argue that these reflections are problematic, to the extent that they presuppose an actualist conception of the political, and that this is generated by an empiricist way of thinking on the one hand and a constructivist way of thinking on the other. I show how re-defining politics, power, and the political on the basis of a dialectical critical realist ontology (...) resolves these problems and, thereby, allows us to understand the conditions for social change and the relationship between the political and the economic. My argument has two, important implications: first, that the proposal that those who study politics professionally should celebrate philosophical diversity is dangerous–at least if it makes it difficult to sustain a distinct, emancipatory form of political inquiry; and, second, that the nature of social reality justifies the need both for specialized forms of inquiry, such as politics and economics, and integrative forms of inquiry, such as political economy. (shrink)

In this review essay I offer a critical assessment of the work of David Byrne, an applied social scientist who is one of the leading advocates of the use of complexity theory in the social sciences and who has drawn on the principles of critical realism in developing an ontological position of ‘complex realism’. The key arguments of his latest book, Applying Social Science: The Role of Social Research in Politics, Policy and Practice constitute the frame of the review; however, (...) since these overlap with those of his previous books, Interpreting Quantitative Data and Complexity Theory and the Social Sciences, I consider all three books together. I identify aspects of Byrne’s ontological position that are in tune with the principles of original and dialectical critical realism and aspects that are not. I argue that these inconsistencies, which Byrne must resolve if he is to take his understanding of complexity further, stem from the residual influence of various forms of irrealism in his thinking. (shrink)

This paper discusses basic critical realism within the context of economic anthropology and develops an approach to studying material relations between people. A diachronic form of analysis, following the work of Bhaskar and Archer, is described as a practical means of analysing property rights. This new approach emphasises epistemic relativism and ontological realism in order to compare disparate forms of human interaction across cultures. The aim of doing this is to develop a philosophical framework that allows for the comparison of (...) economic practices without resorting to judgemental relativism. The implications are significant for institutional economics and anthropology alike, particularly for researchers examining multiple overlapping practices such as market and gift exchange. (shrink)

This paper clarifies the terms “institutions” and “social structures” and related terms “rules”, “conventions”, “norms”, “values” and “customs”. Part one explores the similarities between institutions and social structures whilst the second and third parts explore differences. Part two considers institutions, rules, habits or habitus and habituation, whilst part three critically reflects on three common conceptions of social structures. The conclusion comments upon reflexive deliberation via the internal conversation.

An enquiry into what future labour markets might look like is, necessarily, an enquiry into what future labour market institutions might look like. Any such enquiry requires a conceptual apparatus capable of dealing with labour markets and institutions. The conceptual apparatus of orthodox labour economics is incapable of this. An alternative conceptual apparatus, the ‘socio-economics of labour markets’, augmented with critical realist metatheory, is capable of dealing with future labour markets. This claim is demonstrated via the example of future labour (...) markets based on Basic Income. (shrink)

In this response to the symposium on our two books we try to deal as fully as possible in the brief space available with most of the major issues raised by our distinguished commentators. Although at least three of them are in agreement with the main thrust of the arguments put forward in our books, they all raise important issues relating to methodology, the history of economic thought, and a number of more specific issues. Our answer is based on the (...) restatement of the chief purpose of our two books, describing the intellectual history of the evolution of economic science emphasising the role of the excision of the social and the historical from economic theorising in the transition from political economy to economics, only for the two to be reunited through the vulgar form of economics imperialism following the monolithic dominance of neoclassical economics at the expense of pluralism after the Second World War. The importance of political economy for the future of economic science is vigorously argued for. (shrink)

The digital economy has provided opportunities for new forms of economic practice. At their purest, these forms deliver economic benefits as gifts and depend on cooperation without authority. Drawing loosely on Habermas, we may call this a lifeworld economy – an economy that is coordinated by communicative interaction – as opposed to the systems economy of market and state, coordinated by money and power. This formulation, however, faces both theoretical and practical challenges. On the theoretical side, the notion of a (...) lifeworld economy does not sit easily with Habermas’s own formulation of the distinction between lifeworld and systems. On the practical side, the digital lifeworld economy has been steadily colonized by capitalist businesses, which have frequently found ways to incorporate forms of gift and cooperation into profit-oriented business models. This article proposes to reformulate Habermas’s distinction as a reference to different kinds of causal mechanisms, detaching it from his functionalist framework and enabling a more flexible application to empirical cases. It then applies it to a series of iconic cases from the digital economy: Amazon, Wikipedia, and open source software, to demonstrate its continuing relevance to very current issues. (shrink)

Bridging two traditions of social ontology, this paper examines the possibility that the concept of collective intentionality can help to explain the mechanisms underpinning the causal powers of some social entities. In particular, I argue that a minimal form of collective intentionality is part of the mechanism underpinning the causal power of norm circles: the social entities causally responsible for social norms. There are, however, many different forms of social entity with causal power, and the relationship of collective intentionality to (...) these causal powers varies, depending on the form of the mechanism underpinning the power concerned. Some powers depend on collective intentionality, and others do not. (shrink)

In recent times, realism in economic methodology has increasingly gained importance. Uskali Mäki and Tony Lawson are the best-known realists within the discipline and even though their approaches are fundamentally different, both provide pragmatic defences of realism by claiming anti-realism to be the reason for the low quality of economic models. My paper will show that a pragmatic defence of realism is untenable and furthermore, I will show that for both Mäki's and Lawson's normative ideas there is no need for (...) realism. (shrink)

This paper is motivated by Davis’ [14] theory of the individual in economics. Davis’ analysis is applied to health economics, where the individual is conceived as a utility maximiser, although capable of regarding others’ welfare through interdependent utility functions. Nonetheless, this provides a restrictive and flawed account, engendering a narrow and abstract conception of care grounded in Paretian value and Cartesian analytical frames. Instead, a richer account of the socially embedded individual is advocated, which employs collective intentionality analysis. This provides (...) a sound foundation for research into an approach to health policy that promotes health as a basic human right. (shrink)

This article argues that agent-based modeling is the methodological implication of Lawson’s championed ontological turn in economics. We single out three major properties of agent-based computational economics, namely, autonomous agents, social interactions, and the micro-macro links, which have been well accepted by the ACE community. We then argue that ACE does make a full commitment to the ontology of economics as proposed by Lawson, based on his prompted critical realism. Nevertheless, the article also points out the current limitations or constraints (...) of ACE. Efforts to overcome them are deemed to be crucial before ACE can make itself more promising to the current ontological turn in economics. (shrink)

In this paper, we illustrate some important concepts of philosophy of science through the exposure of two macroeconomic models fairly simple, classical and Keynesian, presented in introductory macroeconomic courses. Concepts worked in philosophy of science as the hypothetical-deductive model, the symmetry thesis, the idea of Kuhnian paradigm, Lakatosian scientific research program, as well as those proposed by Lawson in the field of critical realism, are sought and identified in these macroeconomic models as a way to show that the study of (...) methodology is fundamental to the understanding of the scientific theories — the raw material of social science. (shrink)

This article examines how problems of validity in empirical social research differ from those in natural science. Specifically, we focus on how some ontological peculiarities of the object of study in social science bear on validity requirements. We consider these issues in experimental validity as well as in test validity because, while both fields hold large intellectual traditions, research tests or questionnaires are less closely connected to natural science methodology than experiments.

This article addresses some recent tendencies in economic methodology defined as a philosophy of science for economics. I review the problem of normative/positive distinction in methodology and argue that normativity in its past forms is intolerable today but is, at the same time, indispensable for methodological inquiry. Using recent texts by Mirowski and Nik-Khah and by Alexandrova and Northcott on the applications of auction theory as a case study, I compare in more detail various approaches to economic methodology inspired by (...) the science and technology studies (STS) and philosophy of science literatures, respectively. On the basis of this comparison, I show that the STS programme in economic methodology may prove fruitful in the future, but there is still a place for more aprioristic philosophical thinking. Methodology and history of economics also play a fundamental role that goes beyond the descriptive analysis of STS and offer conceptual clarification paired with normative concerns provided by philosophers of science. (shrink)

This article provides a critical realist take on comparative methodology. Heeding the call for greater attention to the ontological presuppositions inherent in all methods, it first outlines comparative methods as they have traditionally been conceived and practised. Discerning two important aspects of these approaches - their notion of causality and their reliance on inductive inferences - the discussion moves on to consider their applicability within a critical realist social science. Arguing that the ontological presuppositions of traditional approaches to comparative methodology (...) are not compatible with the ontology of critical realism, it seeks to specify some initial steps in the direction of designing a new approach securing this compatibility. Important to this new approach is theoretical, or abductive, comparison and the need to be context-sensitive. (shrink)