Prediction and Prescription in Economics

“Prediction” and “prescription” are crucial notions for economics. This paper offers a philosophical and methodological approach and takes into account the connection with the problem of science and values. To do this, two steps are followed: firstly, prediction in economics -its characteristics and limits- will be examined and, secondly, the role of prescription in economics will be studied. Thus; the underlying aims of this paper are to make explicit the characters of economic prediction, to show its nexus with the economic prescription and to point out the links of both -especially, the latter- with the specific values of “economic activity” and the values of “economics as activity”.
Keywords Analytic Philosophy  Philosophy of Science
Categories (categorize this paper)
ISBN(s) 0495-4548  
DOI theoria199813224
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

Our Archive

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 39,951
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

No references found.

Add more references

Citations of this work BETA

Add more citations

Similar books and articles

Lakatos’s Approach on Prediction and Novel Facts.Wenceslao J. Gonzalez - 2001 - Theoria: Revista de Teoría, Historia y Fundamentos de la Ciencia 16 (3):499-518.
Economic Values in the Configuration of Science.Wenceslao J. González - 2008 - Poznan Studies in the Philosophy of the Sciences and the Humanities 96 (1):85-112.
Are Generic Predictions Enough?Alexander Rosenberg - 1989 - Erkenntnis 30 (1-2):43 - 68.


Added to PP index

Total views
22 ( #362,747 of 2,235,891 )

Recent downloads (6 months)
4 ( #455,429 of 2,235,891 )

How can I increase my downloads?


My notes

Sign in to use this feature