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  1.  7
    The significance of GDP: a new take on a century-old question.Shiri Cohen Kaminitz - 2023 - Journal of Economic Methodology 30 (1):1-14.
    What is the significance of GDP per capita to a society? What does it represent conceptually? These questions have been addressed in past decades, engendering extensive explorations of the limitations of the indicator, yet answers have proved problematic or partial. The paper presents the main conclusions so far drawn and builds upon them to present a new reading of the significance of GDP per capita. At the heart of this reading is the view that, while GDP per capita is not (...)
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  2.  37
    On the epistemic contribution of financial models.Alexander Mebius - 2023 - Journal of Economic Methodology 30 (1):49-62.
    Financial modelling is an essential tool for studying the possibility of financial transactions. This paper argues that financial models are conventional tools widely used in formulating and establishing possibility claims about a prospective investment transaction, from a set of governing possibility assumptions. What is distinctive about financial models is that they articulate how a transaction possibly could occur in a non-actual investment scenario given a limited base of possibility conditions assumed in the model. For this reason, it is argued that (...)
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  3.  8
    Comments on Nick Huntington–Klein's review ‘Pearl before economists: The Book of Why and empirical economics’.J. Pearl - 2023 - Journal of Economic Methodology 30 (1):63-67.
    This note aims to assist applied econometricians in understanding the tools of causal inference and to extend those discussed in Nick Huntington-Klein's review of The Book of Why.
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  4.  27
    What makes economics special: orientational paradigms.Paul Hoyningen-Huene & Harold Kincaid - 2023 - Journal of Economic Methodology:1-15.
    From the mid-1960s until the late 1980s, the well-known general philosophies of science of the time were applied to economics. The result was disappointing: none seemed to fit. This paper argues that this is due to a special feature of economics: it possesses ‘orientational paradigms’ in high number. Orientational paradigms are similar to Kuhn’s paradigms in that they are shared across scientific communities, but dissimilar to Kuhn’s paradigms in that they are not generally accepted as valid guidelines for further research. (...)
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