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  1. added 2019-06-06
    What Is Money? An Alternative To Searle's Institutional Facts.J. P. Smit, Filip Buekens & Stan du Plessis - 2011 - Economics and Philosophy 27 (1):1-22.
    In The Construction of Social Reality, John Searle develops a theory of institutional facts and objects, of which money, borders and property are presented as prime examples. These objects are the result of us collectively intending certain natural objects to have a certain status, i.e. to ‘count as’ being certain social objects. This view renders such objects irreducible to natural objects. In this paper we propose a radically different approach that is more compatible with standard economic theory. We claim that (...)
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  2. added 2019-06-06
    Review of Y a-T-Il des Lois En Économie? [REVIEW]Andrea Salanti - 2010 - Economics and Philosophy 26 (3):391-394.
  3. added 2019-06-06
    Problems with Realism in Economics: Daniel M. Hausman.Daniel M. Hausman - 1998 - Economics and Philosophy 14 (2):185-213.
    This essay attempts to distinguish the pressing issues for economists and economic methodologists concerning realism in economics from those issues that are of comparatively slight importance. In particular I shall argue that issues concerning the goals of science are of considerable interest in economics, unlike issues concerning the evidence for claims about unobservables, which have comparatively little relevance. In making this argument, this essay raises doubts about the two programs in contemporary economic methodology that raise the banner of realism. In (...)
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  4. added 2018-02-10
    Verisimilitude and the Scientific Strategy of Economic Theory.JesÚ Zamora Bonilla & P. S. - 1999 - Journal of Economic Methodology 6 (3):331-350.
    Methodological norms in economic theorizing are interpreted as rational strategies to optimize some epistemic utility functions. A definition of ?empirical verisimilitude? is defended as a plausible interpretation of the epistemic preferences of researchers. Some salient differences between the scientific strategies of physics and of economics are derived from the comparison of the relative costs associated with each strategy. The classical discussion about the ?realism of assumptions? in economics is also considered under the light of the concept of ?empirical verisimilitude?
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  5. added 2017-03-03
    Is Coase a Realist?U. Maki - 1998 - Philosophy of the Social Sciences 28 (1):5-31.
    Ronald Coase has been a vigorous critic of mainstream economic theory, arguing that it is unrealistic and that a good theory is realistic. The attributes "realistic" and "unrealistic" appear in three senses at least in Coase: one related to narrow ness and breadth; another related to abstracting from particularities (and the issue of "blackboard economics"); and the third related to correspondence with the legal. This does not yet make Coase an advocate of realism. It is therefore separately argued that each (...)
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  6. added 2017-03-03
    Aspects of Realism About Economics.Uskali Mäki - 1998 - Theoria: Revista de Teoría, Historia y Fundamentos de la Ciencia 13 (2):301-319.
    A few aspects of the issue of realism are addressed in the context of a social science. The paper looks for adjustments needed in our conceptions of scientiflc realism to accommodate some peculiarities of economics. Ontologically speaking, economics appears to be closely linked to commonsense conceptions of the world, thus the problem of theoretical concepts does not emerge in the same form it is often taken to exist in physics. Theory formation is largely a matter of idealization and isolation among (...)
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  7. added 2016-12-12
    Fact and Fiction in Economics: Models, Realism and Social Construction.Uskali Mäki (ed.) - 2002 - Cambridge University Press.
    There is an embarrassing polarization of opinions about the status of economics as an academic discipline, as reflected in epithets such as the Dismal Science and the Queen of the Social Sciences. This collection brings together some of the leading figures in the methodology and philosophy of economics to provide a thoughtful and balanced overview of the current state of debate about the nature and limits of economic knowledge. Authors with partly rival and partly complementary perspectives examine how abstract models (...)
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  8. added 2016-12-12
    The Economic World View: Studies in the Ontology of Economics.Uskali Mäki (ed.) - 2001 - Cambridge University Press.
    The beliefs of economists are not solely determined by empirical evidence in direct relation to the theories and models they hold. Economists hold 'ontological presuppositions', fundamental ideas about the nature of being which direct their thinking about economic behaviour. In this volume, leading philosophers and economists examine these hidden presuppositions, searching for a 'world view' of economics. What properties are attributed to human individuals in economic theories, and which are excluded? Does economic man exist? Do markets have an essence? Do (...)
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  9. added 2016-09-07
    Some Non-Reasons for Non-Realism About Economics.Uskali Maki - 2002 - In Uskali Mäki (ed.), Fact and Fiction in Economics: Models, Realism and Social Construction. Cambridge University Press. pp. 90.
    Many participants in the debate over the current state and recent developments of economics make claims that are unrefined, simplistic, often exaggerated. This is understandable: the stakes are high, the issues trigger emotional responses, and few participants are motivated or equipped to seek more nuanced analyses. To assert, or to deny, that economics as a scientific discipline or a particular part of it (such as a model) is about reality – or refers to reality, represents it, is true about it, (...)
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  10. added 2016-09-07
    Isolation, Idealization and Truth in Economics.Uskali Mäki - 1994 - Poznan Studies in the Philosophy of the Sciences and the Humanities 38:147-168.
    Challenges the widely held view that good models must necessarily be simplifications and hence cannot be true. This is done by distinguishing between whole truth (complete description) and truth (essential description, attained by the method of isolation).
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  11. added 2015-09-10
    Realism, Commonsensibles, and Economics:The Case of Contemporary Revealed Preference Theory.D. Wade Hands - 2012 - In Aki Lehtinen, Jaakko Kuorikoski & Petri Ylikoski (eds.), Economics for Real: Uskali Mäki and the Place of Truth in Economics. Routledge. pp. 156-178.
    This paper challenges Mäki's argument about commonsensibles by offering a case study from contemporary microeconomics – contemporary revealed preference theory (hereafter CRPT) – where terms like "preference," "utility," and to some extent "choice," are radical departures from the common sense meanings of these terms. Although the argument challenges the claim that economics is inhabited solely by commonsensibles, it is not inconsistent with such folk notions being common in economic theory.
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  12. added 2015-09-10
    Testing, Rationality and Progress: Essays on the Popperian Tradition in Economic Methodology.D. Wade Hands - 1993 - Roman & Littlefield.
    This book brings together ten previously published essays on the philosophy of economics and economic methodology. The general theme is the application of Karl Popper's philosophy of science to economics -- not only by Popper himself but also by other members of the "Popperian school." There are three major issues that surface repeatedly: the applicability of Popper's falsificationist philosophy of science; the applicability of I. Lakatos's "methodology of scientific research programs" to economics; and the question of Popper's "situational analysis" approach (...)
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  13. added 2015-09-10
    Thirteen Theses on Progress in Economic Methodology.D. Wade Hands - 1990 - Finnish Economic Papers 3:72-76.
  14. added 2014-10-14
    Metaphors as Research Tools in Economics.Lukasz Hardt - 2014 - On the Horizon 22 (4):256-264.
    Purpose – The aim of this paper is to show that metaphors play an important role in the making of economics. -/- Design/methodology/approach – The paper’s discussion is situated within the framework of methodology of economics. It refers to recent studies on the role of metaphors in economics, as well as to the rhetoric – realism controversy (e.g. D. McCloskey versus U. Mäki). -/- Findings – The principal results of the paper are: the demonstration of the importance of metaphors in (...)
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  15. added 2014-10-10
    What Rosenberg's Philosophy of Economics is Not.Alexander Rosenberg - 1986 - Philosophy of Science 53 (1):127-132.
  16. added 2014-09-30
    Reflexivity, Uncertainty and the Unity of Science.Alex Rosenberg - 2013 - Journal of Economic Methodology 20 (4):429-438.
    The paper argues that substantial support for Soros' claims about uncertainty and reflexivity in economics and human affairs generally are provided by the operation of both factors in the biological domain to produce substantially the same processes which have been recognized by ecologists and evolutionary biologists. In particular predator prey relations have their sources in uncertainty – i.e. the random character of variations, and frequency dependent co-evolution – reflexivity. The paper argues that despite Soros' claims, intentionality is not required to (...)
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  17. added 2014-09-30
    Critical Realism and the Mainstream.Julian Reiss - 2004 - Journal of Economic Methodology 11 (3):321-327.
  18. added 2014-09-30
    Economic Methodology.Steven Rappaport - 1988 - Economics and Philosophy 4 (1):110.
  19. added 2014-09-30
    Arguments, Truth, and Economic Methodology.Steven Rappaport - 1988 - Economics and Philosophy 4 (1):170.
  20. added 2014-09-25
    Philosophy of Economics for Real.Stefan Mendritzki - 2014 - Journal of Economic Methodology 21 (1):98-103.
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  21. added 2014-09-25
    No Methodology Without Ontology! Reorienting Economics.Mark Peacock - 2004 - Journal of Economic Methodology 11 (3):313-319.
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  22. added 2014-09-19
    Reclaiming Relevant Realism.Uskali Maki - 2000 - Journal of Economic Methodology 7 (1):109-125.
    Most economists seem to have been realists of some sorts in the course of the development of the discipline. They have believed that there are objective facts about the subject matter of economics and that economic theorizing is able, and should do its best to approximate relevant truths about them. Whether or not most economists are realists in some such loose sense today is an open question. A systematic study of these issues has started recently, framing the issues explicitly in (...)
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  23. added 2014-09-19
    Realism, Economics, and Rhetoric.Uskali Mäki - 1988 - Economics and Philosophy 4 (1):167.
    Economists often seem to hold the belief that it is in the nature of a model that it cannot but be false. Once this view is adopted, any further truth talk in connection to models becomes obsolete or irrelevant. I want to resist this conclusion. I grant that a model may appear to be false in the sense that the world does not seem to be the way it is being represented in the model. In earlier work, I have entertained (...)
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  24. added 2014-09-19
    How to Combine Rhetoric and Realism in the Methodology of Economics.Uskali Mäki - 1988 - Economics and Philosophy 4 (1):89.
    The tone of this paper is largely critical. Therefore, I would like to begin by praising Donald McCloskey and Arjo Klamer for their exciting and provocative initiative in the metatheory of economics. They have done us a great favor by opening our eyes to some hidden aspects in the intellectual practices of economists. They have shown that economics is rhetoric; it is persuasion, discourse, conversation, and negotiation, to use their favorite phrases. They have provided plausible arguments and illuminating examples to (...)
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  25. added 2014-09-18
    Quine and the Ontological Turn in Economics.John Latsis - 2007 - In Clive Lawson, John Latsis & Nuno Martins (eds.), Contributions to Social Ontology. Routledge. pp. 15--127.
  26. added 2014-09-18
    Economics and Autism : Why the Drive Towards Closure?John Lawson - 2007 - In Clive Lawson, John Latsis & Nuno Martins (eds.), Contributions to Social Ontology. Routledge. pp. 15--293.
  27. added 2014-09-18
    Ontological Issues in Evolutionary Economics: Introduction.Matthias Klaes - 2004 - Journal of Economic Methodology 11 (2):121-124.
  28. added 2014-09-18
    How the Laws of Economics Lie.Ian Hunt - 2001 - Journal of Applied Philosophy 18 (2):119–133.
  29. added 2014-09-18
    What Has Realism Got To Do With It?Tony Lawson - 1999 - Economics and Philosophy 15 (2):269.
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  30. added 2014-09-17
    Making the Social World: The Structure of Human Civilization, John R. Searle, Oxford University Press, 2010, 224 Pages. [REVIEW]Frank Hindriks - 2011 - Economics and Philosophy 27 (3):338-346.
  31. added 2014-09-17
    Truth and Progress in Economic Knowledge (Edward Elgar, 1997, X + 232 Pages) Explorations in Economic Methodology: From Lakatos to Empirical Philosophy of Science (Routledge, 1998; VII + 246 Pages) Roger E. Backhouse. [REVIEW]Kevin D. Hoover - 2000 - Economics and Philosophy 16 (2):333-378.
  32. added 2014-09-17
    A Brief Response to Jürgen Lange-von Kulessa.Geoffrey M. Hodgson - 1999 - Journal of Economic Methodology 6 (3):439-441.
  33. added 2014-09-16
    Identity Economics by Akerlof and Kranton [Review].John Davis - forthcoming - Economics and Philosophy.
  34. added 2014-09-16
    Economics for Real. Uskali Mäki and the Place of Truth in Economics, Edited by Aki Lehtinen, Jaakko Kuorikoski and Petri Ylikoski. Routledge, 2012, Xiii+ 280 Pages. [REVIEW]Roberto Fumagalli - 2013 - Economics and Philosophy 29 (2):283-289.
  35. added 2014-09-15
    The Construction of Social Reality: An Exchange.Barry Smith & John Searle - 2003 - American Journal of Economics and Sociology 62 (2):285-309.
    Part 1 of this exchange consists in a critique by Smith of Searle’s The Construction of Social Reality focusing on Searle’s use of the formula ‘X counts as Y in context C’. Smith argues that this formula works well for social objects such as dollar bills and presidents where the corresponding X terms (pieces of paper, human beings) are easy to identify. In cases such as debts and prices and money in a banks computers, however, the formula fails, because these (...)
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  36. added 2014-09-15
    Searle's Background: Comments on Runde and Faulkner.Alex Viskovatoff - 2002 - Journal of Economic Methodology 9 (1):65-80.
    Searle's notion of the Background, a set of non-intentional mental states which makes intentionality possible, is receiving increasing interest from social theorists. This paper points out two commitments that the notion entails of which social theorists should be wary. The first is Searle's belief that 'Background abilities are not dependent on how things in fact work in the world'. This position is highly counter-intuitive - a person's ability to drive results from her having spent time operating automobiles - and derives (...)
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  37. added 2014-09-12
    Piero Sraffa: Economic Reality, the Economist and Economic Theory: An Interpretation.Neri Salvadori & Rodolfo Signorino - 2007 - Journal of Economic Methodology 14 (2):187-209.
    We carry out a textual analysis of Sraffa's main published contributions to pure economics in order to elaborate a rational reconstruction of an aspect of Sraffa's implicit methodology which has not yet been duly investigated. We refer to the threefold relationship between ?economic reality?, ?the economist/observer? and ?economic theory?. We elucidate the constraints which, for Sraffa, should bind the economists' arbitrariness and we trace the elements of continuity and evolution from the 1925?6 critique of Marshallian economics to Production of Commodities.
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  38. added 2014-09-11
    Economics for Real: Uskali Mäki and the Place of Truth in Economics.Aki Petteri Lehtinen, Jaakko Kuorikoski & Petri Ylikoski (eds.) - 2012 - Routledge.
    This book provides the first comprehensive and critical examination of Mäki's realist philosophy of economics.
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  39. added 2014-09-11
    Realism, Closed Systems and Abstraction.Stephen Pratten - 2007 - Journal of Economic Methodology 14 (4):473-497.
    The particular use made of the terms ?open and closed systems? by proponents of critical realism has generated some critical commentary in recent years. In this paper it is shown how debates about open and closed systems provide a perspective from which to address certain fundamental questions in economic methodology. It is argued that the meaning and significance that advocates of critical realism attach to these terms can be clarified by understanding the context within which they were developed. The paper (...)
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  40. added 2014-09-09
    Certainly Not! A Critical Realist Recasting of Ludwig von Mises's Methodology of the Social Sciences.Paul Lewis - 2010 - Journal of Economic Methodology 17 (3):277-299.
    This paper focuses on Ludwig von Mises methodological apriorism. It uses Wittgenstein's private language argument as the basis for a critique of Mises's claim to have found apodictically certain foundations for economic analysis. It is argued instead that Mises's methodology is more fruitfully viewed as an exercise in social ontology, the objective of which is to outline key features of the socio-economic world that social scientific research ought to take into account if it is to be fruitful. The implications of (...)
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  41. added 2014-09-09
    Causality in Macroeconometrics: Some Considerations About Reductionism and Realism.Alessio Moneta - 2005 - Journal of Economic Methodology 12 (3):433-453.
    This paper investigates the varieties of reductionism and realism about causal relations in macroeconometrics. There are two issues, which are kept distinct in the analysis but which are interrelated in the development of econometrics. The first one is the question of the reducibility of causal relations to regularities, measured in statistics by correlations. The second one is the question of the reducibility of causes among macroeconomic aggregates to microeconomic behaviour. It is argued that there is a continuum of possible positions (...)
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  42. added 2014-09-09
    On Closure in Economics.Stephen John Nash - 2004 - Journal of Economic Methodology 11 (1):75-89.
    While attempting to avoid closure, it can be argued that two of the analytical techniques employed by Lawson (1997) strongly imply closure. First, while ostensibly directed at liberating analysis from all forms of closure, the demi?reg is shown to effectively rely on implied closure. Second, when the use of control groups is compared to Mäki's method of isolation, it can be shown that Lawson implies substantially similar closure to that which is proposed by Mäki. Such implied forms of closure generally (...)
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  43. added 2014-09-09
    Economics and Reality.Tony Lawson - 1997 - Routledge.
    There is an increasingly widespread belief, both within and outside the discipline, that modern economics is irrelevant to the understanding of the real world. Economics and Reality traces this irrelevance to the failure of economists to match their methods with their subject, showing that formal, mathematical models are unsuitable to the social realities economists purport to address. Tony Lawson examines the various ways in which mainstream economics is rooted in positivist philosophy and examines the problems this causes. It focuses on (...)
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  44. added 2014-08-16
    Some Claims Made for Critical Realism in Economics: Two Case Studies.Geoffrey M. Hodgson - 2004 - Journal of Economic Methodology 11 (1):53-73.
    Instead of examining critical realism directly, this essay critically examines claims made by two prominent critical realists, namely Andrew Collier and Tony Lawson, on behalf of their philosophy. These are (a) that critical realism supports Marx's law of the tendency of the rate of profit to fall, and (b) that critical realism is illustrated by the workplace organization theory of the relative decline of the British economy. It is argued that the first claim is false and the second is unsubstantiated. (...)
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  45. added 2014-08-14
    A Neurolinguistic Approach to Performativity in Economics.Carsten Herrmann-Pillath - 2010 - Journal of Economic Methodology 17 (3):241-260.
    What makes institutions ?real?? One central notion has been emerging recently in sociology, which is ?performativity?, a term borrowed from the philosophy of language. I propose a neurolinguistic approach to performativity that is based on John Searle's theory of institutions, especially his concept of a ?status function? and his explanation of rule-following as a neurophysiological disposition. Positing a status function is a performative act. I proceed in two steps to establish the neurolinguistic framework. First, I apply the concept of ?conceptual (...)
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  46. added 2014-08-13
    A Structure of the Consumption Function.Hsiang‐Ke Chao - 2007 - Journal of Economic Methodology 14 (2):227-248.
    It is claimed in the structural realism in philosophy of science that scientists aim to preserve the true structure, represented by the equations in their models. We reinterpret structural realism as a doctrine involving representation. Proving the existence of a representation theorem secures the problem of lacking independent criteria for identification between structure and non?structure. This paper argues that a similar realist view of structure can be found in the theory of consumption in which the Fisherian framework of intertemporal choices (...)
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  47. added 2014-06-19
    Ruling Passions: A Theory of Practical Reason, Simon Blackburn. Clarendon Press, 1998, 344 Pages. [REVIEW]Eric Barnes - 2000 - Economics and Philosophy 16 (2):372-378.
  48. added 2014-04-02
    Samuelson's Operationalist-Descriptivist Thesis.Joshua Cohen - 1995 - Journal of Economic Methodology 2 (1):53-78.
    This paper explores the influence of operationalism and its corollary, descriptivism, on Paul Samuelson's revealed preference theory as it developed between 1937 and 1948. Samuelson urged the disencumbering of metaphysics from economic theory. As an illustration, he showed how utility could be operationally redefined as revealed preference, and, furthermore, how from hypotheses such as maximizing behavior, operationally meaningful theorems could be deduced, thereby satisfying his demand for a scientific, empirical approach toward consumer behavior theory. In this paper I discuss the (...)
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  49. added 2014-04-01
    Rerum Cognoscere Causas.Frank Hahn - 1996 - Economics and Philosophy 12 (2):183.
    Professor Hausman has written an interesting and instructive book. Though I am by no means favourably disposed to methodology for economists,, I found reading Hausman enjoyable and I came away having learned things worth learning. But not all is well, largely because Hausman is a philosopher first and an economist a poor second. There are also important questions where one would have expected philosophic help which are not asked at all.
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  50. added 2014-03-27
    Realist Philosophy and Methodology of Economics: What is It?Daniel M. Hausman - 2000 - Journal of Economic Methodology 7 (1):127-133.
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