Journal of Economic Methodology 3 (1):1-38 (1996)
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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
Economics: Mathematical Politics or Science of Diminishing Returns?Alexander Rosenberg - 1992 - University of Chicago Press.
Microeconomic Laws: A Philosophical Analysis.Alexander Rosenberg - 1976 - University of Pittsburgh Press.
Essays on Philosophy and Economic Methodology.Daniel M. Hausman - 1992 - Cambridge University Press.
Capital, Profits and Prices: An Essay in the Philosophy of Economics.John McMillan - 1982 - Philosophy of Science 49 (4):651-653.
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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.
On the Neural Enrichment of Economic Models: Tractability, Trade-Offs and Multiple Levels of Description.Roberto Fumagalli - 2011 - Biology and Philosophy 26 (5):617-635.
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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