The Methodology of Empirical Macroeconomics

Cambridge University Press (2001)
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Abstract

The Methodology of Empirical Macroeconomics stakes out a pragmatic middle-ground between traditional, prescriptive economic methodology and recent descriptive methodology. The former is sometimes seen as arrogantly telling economists how to do their work and the latter as irrelevant to their practice. The lectures are built around a case study of a concrete example of macroeconomic analysis. They demonstrate that economic methodology and the philosophy of science offer insights that help to resolve the genuine concerns of macroeconomists. Some examples of questions addressed include: What is the relationship between theoretical models and empirical observations? What is the relevance of macroeconomics to policy? Should macroeconomics be viewed as a special case of microeconomics? What is the place of long-standing philosophical issues in macroeconomics, such as the scope and nature of economic laws, the role of idealizations, methodological individualism, and the problem of causality?

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Kevin Hoover
Duke University

Citations of this work

Social Ontology.Brian Epstein - 2018 - Stanford Encyclopedia of Philosophy.
Philosophy of economics.Daniel M. Hausman - 2008 - Stanford Encyclopedia of Philosophy.
What Has Realism Got To Do With It?Tony Lawson - 1999 - Economics and Philosophy 15 (2):269.
Filosofia y metodologia an la economia.Uskali Mäki - 2008 - In Juan José Jardón Urrieta (ed.), Temas de Teoria Economica y so Metodo. Universidade de Santiago de Compostela.

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