Two portraits of economics

This is an assessment of two recent philosophical accounts of the nature of economics, those given in Alexander Rosenberg's Economics - Mathematical Politics or the Science of Diminishing Returns? (1992) and in Daniel Hausman's The Inexact and Separate Science of Economics (1992). The focus is on how they portray the predictive capabilities of economics and the links between economic theory and empirical evidence. Some major suggestions of the two books are found wanting in interesting ways. Examples are Rosenberg's explanation of the predictive weakness of economics in terms of its folk psychological roots and his depiction of economics as a branch of political philosophy and applied mathematics; and Hausman's claim that the ?economists? deductive method? is appropriate while ?economics as a separate science? is not.
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DOI 10.1080/13501789600000001
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References found in this work BETA
Intentionality and Economics.Allin Cottrell - 1995 - Economics and Philosophy 11 (1):159.
A Revision of the Neoclassical Economics Methodology.Geert Reuten - 1996 - Journal of Economic Methodology 3 (1):39-68.
An Empirical Philosophy of Economic Theory. [REVIEW]Roger E. Backhouse - 1995 - British Journal for the Philosophy of Science 46 (1):111-121.

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Citations of this work BETA
Problems with Realism in Economics.Daniel M. Hausman - 1998 - Economics and Philosophy 14 (2):185.
Five Theses on Neuroeconomics.Roberto Fumagalli - 2016 - Journal of Economic Methodology 23 (1):77-96.
Theory Appraisal in Neoclassical Economics.Daniel M. Hausman - 1997 - Journal of Economic Methodology 4 (2):289-296.
An 'Inexact' Philosophy of Economics?Roger E. Backhouse - 1997 - Economics and Philosophy 13 (1):25.

View all 8 citations / Add more citations

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Philosophy of Economics.Daniel M. Hausman - 2008 - Stanford Encyclopedia of Philosophy.
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Economics as Separate and Inexact.Daniel M. Hausman - 1996 - Economics and Philosophy 12 (2):207.
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