Economics and Reality

Routledge (1997)
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Abstract

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 human agency, social structure and their interaction and explores how the understanding of this social phenomena can be used to transform the nature of economic practice. Economics and Reality concludes by showing how this newly transformed economics might set about shaping economic policy.

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Citations of this work

The Ontic Account of Scientific Explanation.Carl F. Craver - 2014 - In Marie I. Kaiser, Oliver R. Scholz, Daniel Plenge & Andreas Hüttemann (eds.), Explanation in the Special Sciences: The Case of Biology and History. Springer Verlag. pp. 27-52.
Realistic realism about unrealistic models.Uskali Mäki - 2009 - In Harold Kincaid & Don Ross (eds.), The Oxford handbook of philosophy of economics. Oxford University Press.
Problems with Realism in Economics.Daniel M. Hausman - 1998 - Economics and Philosophy 14 (2):185-213.
Philosophy of economics.Daniel M. Hausman - 2008 - Stanford Encyclopedia of Philosophy.

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