Journal of Economic Methodology 11 (3):291-305 (2004)
This paper responds to the argument, made by many heterodox economists, that equilibrium theory should be abandoned in favor of theories that pay more attention to history. It considers some of the main ways in which the concept of equilibrium has been understood in economics, and the reasons why there has been confusion in discussions of equilibrium. The conclusion is drawn that the focus should be less on equilibrium as a concept than on equilibrium analysis as a method, and limited defense of this method is offered.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
References found in this work BETA
No references found.
Citations of this work BETA
Fixing Ideas: How Research is Constrained by Mandated Formalism.Arthur M. Diamond - 2009 - Journal of Economic Methodology 16 (2):191-206.
The Concept(s) and Controversies of Equilibrium.Lina Eriksson - 2008 - Biology and Philosophy 23 (3):447-454.
Similar books and articles
The Hypostatisation of the Concept of Equilibrium in Neoclassical Economics.Andy Denis - 2007 - In Valeria Mosini (ed.), Equilibrium in Economics: Scope and Limits.
Stability and Explanatory Significance of Some Simple Evolutionary Models.Brian Skyrms - 2000 - Philosophy of Science 67 (1):94-113.
On the Inconsistency of Equilibrium Refinement.Werner Güth - 2002 - Theory and Decision 53 (4):371-392.
The Ubiquity of the Notion of Equilibrium in Biology, and its Relation with Equilibrium in Economics.Louise Jarvis & Valeria Mosini - unknown
Practical Equilibrium: A Way of Deciding What to Think About Morality.Ben Eggleston - 2010 - Mind 119 (475):549-584.
The Equivalence of Neo-Darwinism and Walrasian Equilibrium: In Defense of Organismus Economicus.Elias L. Khalil & Alain Marciano - 2010 - Biology and Philosophy 25 (2):229-248.
Theoretical and Practical Problems with Wide Reflective Equilibrium in Bioethics.Carson Strong - 2010 - Theoretical Medicine and Bioethics 31 (2):123-140.
The Old Problem of Induction and the New Reflective Equilibrium.Jared Bates - 2005 - Dialectica 59 (3):347–356.
Decisions, Games and Equilibrium Solutions.William Harper - 1988 - PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1988:344 - 362.
Boltzmann, Gibbs, and the Concept of Equilibrium.David Lavis - 2008 - Philosophy of Science 75 (5):682-696.
Dialectics and the Austrian School? The Search for Common Ground in the Methodology of Heterodox Economics.Andy Denis - 2008 - Journal of Philosophical Economics 1 (2):151-173.
Distributive Justice and the Rules of the Corporation.John H. Beck - 2005 - Business Ethics Quarterly 15 (3):355-362.
Added to index2012-02-20
Total downloads23 ( #216,497 of 2,158,427 )
Recent downloads (6 months)2 ( #193,773 of 2,158,427 )
How can I increase my downloads?