Authors
Uskali Mäki
University of Helsinki
Abstract
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.

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Citations of this work BETA

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.Daniel M. Hausman - 1998 - Economics and Philosophy 14 (2):185-213.
Five Theses on Neuroeconomics.Roberto Fumagalli - 2016 - Journal of Economic Methodology 23 (1):77-96.
Economics, Psychology, and the Unity of the Decision Sciences.Roberto Fumagalli - 2016 - Philosophy of the Social Sciences 46 (2):103-128.

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