Economics Critique: Framing Procedures and Lawson's Realism in Economics

Journal of Critical Realism 11 (1):94-125 (2012)
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
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DOI 10.1558/jcr.v11i1.94
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Victoria Chick & Sheila Dow (2005). The Meaning of Open Systems. Journal of Economic Methodology 12 (3):363-381.

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Tony Lawson (1999). What Has Realism Got To Do With It? Economics and Philosophy 15 (2):269.

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