Pragmatic methodology: a sketch, with applications to transaction cost economics

Journal of Economic Methodology 16 (2):145-157 (2009)
I address the topic of pragmatic methodology as a practitioner in applied microeconomics who has been working in the still nascent field of the ?economics of organization?. My purpose is both to make explicit the methodology out of which transaction cost economics works and to suggest that other theories of economic organization do the same. Conceivably convergence will develop in the process, maybe even a consensus. At a minimum, it will be useful to have each implicit methodology made explicit. I begin with some contrasting views on methodology. Section 2 sets out the rudiments of pragmatic methodology. Section 3 examines how transaction cost economics responds to the four precepts of pragmatic methodology. Additional methodological considerations that are posed by transaction cost economics are discussed in section 4. Concluding remarks follow.
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DOI 10.1080/13501780902940729
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References found in this work BETA
Tjalling C. Koopmans (1959). Three Essays on the State of Economic Science. British Journal for the Philosophy of Science 10 (37):58-69.
James M. Buchanan (2001). Game Theory, Mathematics, and Economics. Journal of Economic Methodology 8 (1):27-32.

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Julie A. Nelson (2009). Ethics, Evidence and International Debt. Journal of Economic Methodology 16 (2):175-189.

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