Journal of Economic Methodology 10 (3):397-415 (2003)
It is generally agreed that mainstream economics follows John Stuart Mill's economic methodology. Since Mill's deductivist methodology was explicitly anti?empirical, this raises the question of to what degree economics is an empirical science. To help answer this question, Gerald Holton's notion of themata is introduced. Themata are ideas and intuitions that influence scientists in their investigations that are based neither on empirical observation nor deductive reasoning, and so are often overlooked by empiricists. The question can then be posed as follows: when empirical data conflict with themata, do economists privilege the former or the latter ? do they privilege experience or intuition? It is argued that there are documented instances of research programs in which intuition is privileged over experience. From this it is concluded that economists follow two methodologies: an empiricist methodology and a rationalist methodology. The question of which methodology is more frequently employed is a matter for subsequent empirical research
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Live and Dead Issues in the Methodology of Economics.Richard P. F. Holt & J. Barkley Rosser - unknown
Toward a Feminist Philosophy of Economics.Drucilla K. Barker & Edith Kuiper (eds.) - 2003 - Routledge.
Reorienting Economics: On Heterodox Economics, Themata and the Use of Mathematics in Economics.Tony Lawson - 2004 - Journal of Economic Methodology 11 (3):329-340.
Boettke's Austrian Critique of Mainstream Economics: An Empiricist's Response.Thomas Mayer - 1998 - Critical Review 12 (1-2):151-171.
Explorations in Economic Methodology: From Lakatos to Empirical Philosophy of Science.Roger Backhouse (ed.) - 1998 - Routledge.
Critical Realism in Economics: Development and Debate.Steve Fleetwood (ed.) - 1999 - Routledge.
Pragmatic Methodology: A Sketch, with Applications to Transaction Cost Economics.Oliver E. Williamson - 2009 - Journal of Economic Methodology 16 (2):145-157.
The Unbearable Lightness of the Economics-Made-Fun Genre.Peter Spiegler - 2012 - Journal of Economic Methodology 19 (3):283-301.
Methodological Criticismvs. Ideology and Hypocrisy.Lawrence A. Boland - 2003 - Journal of Economic Methodology 10 (4):521-526.
Methodology Might Matter, but Weintraub's Meta-Methodology Shouldn't.Uskali Mäki - 1994 - Journal of Economic Methodology 1 (2):215-232.
A Revision of the Neoclassical Economics Methodology.Geert Reuten - 1996 - Journal of Economic Methodology 3 (1):39-68.
Added to index2012-02-20
Total downloads10 ( #435,602 of 2,178,142 )
Recent downloads (6 months)1 ( #316,663 of 2,178,142 )
How can I increase my downloads?