Results for 'Economics Methodology'

995 found
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  1.  6
    Models Back in the Bunk.Deriving Methodology From Ontology & A. Decade of Feminist Economics - 2005 - Journal of Economic Methodology 12 (4).
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  2.  29
    A Revision of the Neoclassical Economics Methodology.Geert Reuten - 1996 - Journal of Economic Methodology 3 (1):39-68.
    The practice of neoclassical economics is characterized as an ?axiomatic positivism?, which is far removed from the official (Popper-Lakatos) methodology of neoclassicism. Hausman (1992) attempts to provide a full revision of that official methodology, for which he takes recourse to the methodological work of J.S. Mill. Hausman's methodology is problematical because of: (1) an inadequate distinction between a normative and a descriptive methodology; (2) an insufficient consideration of the empirical stages of theory appraisal; (3) a (...)
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  3.  46
    How to Combine Rhetoric and Realism in the Methodology of Economics.Uskali Mäki - 1988 - Economics and Philosophy 4 (1):89.
    The tone of this paper is largely critical. Therefore, I would like to begin by praising Donald McCloskey and Arjo Klamer for their exciting and provocative initiative in the metatheory of economics. They have done us a great favor by opening our eyes to some hidden aspects in the intellectual practices of economists. They have shown that economics is rhetoric; it is persuasion, discourse, conversation, and negotiation, to use their favorite phrases. They have provided plausible arguments and illuminating (...)
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  4.  31
    'The Methodology of Positive Economics' (1953) Does Not Give Usthemethodology of Positive Economics.Uskali Mäki - 2003 - Journal of Economic Methodology 10 (4):495-505.
    It is argued that rather than a well defined F?Twist, Milton Friedman's ?Methodology of positive economics? offers an F?Mix: a pool of ambiguous and inconsistent ingredients that can be used for putting together a number of different methodological positions. This concerns issues such as the very concept of being unrealistic, the goal of predictive tests, the as?if formulation of theories, explanatory unification, social construction, and more. Both friends and foes of Friedman's essay have ignored its open?ended unclarities. Their (...)
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  5. The Methodology of Experimental Economics.Francesco Guala - 2005 - Cambridge University Press.
    The experimental approach in economics is a driving force behind some of the most exciting developments in the field. The 'experimental revolution' was based on a series of bold philosophical premises which have remained until now mostly unexplored. This book provides the first comprehensive analysis and critical discussion of the methodology of experimental economics, written by a philosopher of science with expertise in the field. It outlines the fundamental principles of experimental inference in order to investigate their (...)
     
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  6.  42
    Pragmatic Methodology: A Sketch, with Applications to Transaction Cost Economics.Oliver E. Williamson - 2009 - Journal of Economic Methodology 16 (2):145-157.
    I address the topic of pragmatic methodology as a practitioner in applied microeconomics who has been working in the still nascent field of the ?economics of organization?. My purpose is both to make explicit the methodology out of which transaction cost economics works and to suggest that other theories of economic organization do the same. Conceivably convergence will develop in the process, maybe even a consensus. At a minimum, it will be useful to have each implicit (...)
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  7.  20
    Critical Reflections on a Realist Interpretation of Friedman’s ‘Methodology of Positive Economics’.Edward Mariyani-Squire - 2017 - Journal of Economic Methodology 24 (1):69-89.
    Uskali Mäki has offered an innovative scientific realist account of Milton Friedman’s 1953 essay, ‘The Methodology of Positive Economics’, which directly challenges the dominant instrumentalist interpretation. This paper offers critical reflections on Mäki’s approach and interpretation. It is argued that Mäki’s method of rereading-rewriting the text is problematic; that an unforced instrumentalist account of unrealistic assumptions can be extracted from the text itself; and that seemingly realist passages can be plausibly read as expressing an instrumentalist stance.
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  8.  20
    The Turn in Economics and the Turn in Economic Methodology: Past Chair Address: International Network for Economic Method Conference, Grinnell College, 22 June 2006. [REVIEW]John B. Davis - 2007 - Journal of Economic Methodology 14 (3):275-290.
    There is now considerable evidence that economics is undergoing significant change in which a collection of new research programs all at odds in important respects with standard neoclassical economics is increasingly dominating the economics research frontier (Davis 2006b). These new programs include game theory, evolutionary economics, behavioral economics, experimental economics, agent‐based complexity economics and neuroeconomics. All raise new issues for economics, and contest long‐held assumptions. Such a development, however, naturally raises questions about (...)
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  9.  23
    Introduction: Methodology, Systemic Risk, and the Economics Profession.John Davis & Wade Hands - 2013 - Journal of Economic Methodology 20 (1):1 - 5.
    (2013). Introduction: Methodology, systemic risk, and the economics profession. Journal of Economic Methodology: Vol. 20, Methodology, Systemic Risk, and the Economics Profession, pp. 1-5. doi: 10.1080/1350178X.2013.774842.
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  10.  17
    Fifty Years of Milton Friedman's 'The Methodology of Positive Economics': Introduction.Thomas Mayer - 2003 - Journal of Economic Methodology 10 (4):493-494.
    (2003). Fifty years of Milton Friedman's ‘The methodology of positive economics’: Introduction. Journal of Economic Methodology: Vol. 10, No. 4, pp. 493-494. doi: 10.1080/1350178032000130475.
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  11.  9
    The Role of Experts in the Methodology of Economics.Carlo Martini - 2014 - Journal of Economic Methodology 21 (1):77-91.
    Is subjective expert judgment a source of evidence in economics? In this paper, I will argue that it is, on a par with other sources like modeling, statistics, experimental, etc. I will also argue that it is not derivative, that is, reducible to the previous ones. But what is exactly the role of experts in economics? The contribution to the current methodological debate that I propose not only takes the role of expertise in economics as indispensable, but (...)
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  12. Error in Economics: Towards a More Evidence–Based Methodology.Julian Reiss - 2007 - Routledge.
    What is the correct concept behind measures of inflation? Does money cause business activity or is it the other way around? Shall we stimulate growth by raising aggregate demand or rather by lowering taxes and thereby providing incentives to produce? Policy-relevant questions such as these are of immediate and obvious importance to the welfare of societies. The standard approach in dealing with them is to build a model, based on economic theory, answer the question for the model world and then (...)
     
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  13.  19
    The Methodology of Positive Economics : Reflections on the Milton Friedman Legacy.Uskali Mäki (ed.) - 2009 - Cambridge University Press.
    Milton Friedman's 1953 essay 'The methodology of positive economics' remains the most cited, influential, and controversial piece of methodological writing in twentieth-century economics. Since its appearance, the essay has shaped the image of economics as a scientific discipline, both within and outside of the academy. At the same time, there has been an ongoing controversy over the proper interpretation and normative evaluation of the essay. Perceptions have been sharply divided, with some viewing economics as a (...)
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  14. The Methodology of Economics: Or, How Economists Explain.Mark Blaug - 1992 - Cambridge University Press.
    This book is an examination of the nature of economic explanation. The opening chapters introduce current thinking in the philosophy of science and review the literature on methodology. Professor Blaug then turns to the troublesome question of the logical status of welfare economics, giving the reader an understanding of the outstanding issues in the methodology of economics. This is followed by a series of case studies of leading economic controversies, which shows how controversies in economics (...)
     
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  15.  69
    Galilean Reflections on Milton Friedman’s "Methodology of Positive Economics," with Thoughts on Vernon Smith’s "Economics in the Laboratory".Eric Schliesser - 2005 - Philosophy of the Social Sciences 35 (1):50-74.
    In this article, the author offers a discussion of the evidential role of the Galilean constant in the history of physics. The author argues that measurable constants help theories constrain data. Theories are engines for research, and this helps explain why the Duhem-Quine thesis does not undermine scientific practice. The author connects his argument to discussion of two famous papers in the history of economic methodology, Milton Friedman's 'Methodology of Positive Economics', which appealed to example of Galilean (...)
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  16. Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function.Hsiang-Ke Chao - 2009 - Routledge.
    This book provides a methodological perspective on understanding the essential roles of econometric models in the theory and practice. Offering a comprehensive and comparative exposition of the accounts of models in both econometrics and philosophy of science, this work shows how econometrics and philosophy of science are interconnected while exploring the methodological insight of econometric modelling that can be added to modern philosophical thought. The notion of structure is thoroughly discussed throughout the book. The studies of the consumption function of (...)
     
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  17.  5
    PHILOSOPHY & METHODOLOGY OF ECONOMICS eJOURNAL.Michael Fascia - 2018 - PHILOSOPHY and METHODOLOGY OF ECONOMICS eJOURNAL 9 (23):12.
    From a retail environment, we reflect on the unity of knowledge as valuable in a business context, and from an Ignatian perspective, consider a reflexion of knowledge transfer practitioners to elementary cognition. We deliberate why, despite decades of analytical scrutiny, agreement around the transfer of knowledge into a value item within a business milieu, remains troublesome and problematic. We ask if perspectives derived from an Ignatian domain can allow for alternative elements of analysis and reasoning, becoming more complementary within a (...)
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  18.  17
    Live and Dead Issues in the Methodology of Economics.Richard P. F. Holt & J. Barkley Rosser - unknown
    We attempt to clarify divisions made by us in previous work (Colander et al., 2004a,b) between “orthodox, mainstream, and heterodox” in economics, following very useful remarks in Dequech (2007-08), whom we thank. We also provide specific advice for heterodox economists, namely: worry less about methodology, focus on being economists first and heterodox economists second, and prepare ideas to leave the incubator of heterodoxy to enter the mainstream economic debate.
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  19.  12
    The Methodology of Experimental Economics.Flavio Felice - 2006 - Review of Metaphysics 59 (4):888-889.
    “This book aims to show that methodology is important and useful for experimental economists, but also that philosophers of science can learn from experimental economics”. With these words Francesco Guala makes clear right from the start what moved him to write this important book. The book is divided into two parts. The first part is dedicated to the theme of “inferences within the experiment,” and the second to “inferences from the experiment.” Each part is divided into five chapters.
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  20. Human Nature and the Discipline of Economics: Personalist Anthropology and Economic Methodology.Patricia Donohue-White, Stephen J. Grabill, Christopher Westley & Gloria Zúñiga - 2001 - Lexington Books.
    Foundations of Economic Personalism is a series of three book-length monographs, each closely examining a significant dimension of the Center for Economic Personalism's unique synthesis of Christian personalism and free-economic market theory. In the aftermath of the momentous geo-political and economic changes of the late 1980s, a small group of Christian social ethicists began to converse with free-market economists over the morality of market activity. This interdisciplinary exchange eventually led to the founding of a new academic subdiscipline under the rubric (...)
     
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  21. Preferences and Positivist Methodology in Economics.Christopher Clarke - 2016 - Philosophy of Science 83 (2):192-212.
    I distinguish several doctrines that economic methodologists have found attractive, all of which have a positivist flavour. One of these is the doctrine that preference assignments in economics are just shorthand descriptions of agents' choice behaviour. Although most of these doctrines are problematic, the latter doctrine about preference assignments is a respectable one, I argue. It doesn't entail any of the problematic doctrines, and indeed it is warranted independently of them.
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  22.  41
    Lakatosian Methodology of Rival Research Programmes in Economics.Rinat M. Nugayev - 2010 - In Ildar Talip-Uli Nasretdinoff (ed.), The Problems of Cooperation.Moscow: Russian University of Cooperation. pp. 332-336.
    Pros and contras of Lakatosian epistemological theory-change model in respect to economics are considered. It is argued that one of the main shortcomings of the model is connected in its inability to treat the social factors.
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  23.  70
    External Validity and Libraries of Phenomena: A Critique of Guala's Methodology of Experimental Economics: Martin K. Jones.Martin K. Jones - 2011 - Economics and Philosophy 27 (3):247-271.
    Francesco Guala has developed some novel and radical ideas on the problem of external validity, a topic that has not received much attention in the experimental economics literature. In this paper I argue that his views on external validity are not justified and the conclusions which he draws from these views, if widely adopted, could substantially undermine the experimental economics enterprise. In rejecting the justification of these views, the paper reaffirms the importance of experiments in economics.
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  24.  21
    Pluralist Methodology for Development Economics: The Example of Moral Economy of Indian Labour Markets.Wendy Olsen - 2007 - Journal of Economic Methodology 14 (1):57-82.
    This paper adds a moral angle to the pluralist approach to development economics, exploring the normative assumptions found in all the five main schools of thought that have analysed India's rural labour markets (neoclassical, new institutionalist, Marxist political economy, formalized political economy and feminist). The theorizations that are used by each have normative overtones, which are distinguished here from normative undertones (i.e. elements of meaning that have an affect component). Regression analysis in this literature is used to illustrate the (...)
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  25.  15
    The History of the Use of Self-Reports and the Methodology of Economics.José M. Edwards - 2012 - Journal of Economic Methodology 19 (4):357-374.
    The main arguments currently held for and against the use of self-reports in economics are presented in their relation to well-known events in the history of the discipline: the ?measurement without theory?, the ?full-cost?, and the ?economic expectations? controversies. Doing so, the paper highlights the so far neglected role of George Katona's behavioral economics in these methodological discussions.
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  26.  22
    Are We Witnessing a Revolution in Methodology of Economics? About Don Ross's Recent Book on Microexplanation'.Maurice Lagueux - 2008 - Erasmus Journal for Philosophy and Economics 1 (1):24-55.
    The paper aims to assess whether the ideas developed by DonRoss in his recent book Economic theory and cognitive science:microexplanation, which relates neoclassical economics to recentdevelopments in cognitive science, might revolutionize the methodologyof economics. Since Ross challenges a conception of economicsassociated with what is pejoratively called “Folk psychology”, the paperdiscusses ideas of the philosopher Daniel Dennett on which thischallenge is largely based. This discussion could not avoid bearing onquestions such as the nature of consciousness, the interpretation ofontological realism, (...)
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  27.  50
    Economic Methodology: Understanding Economics as a Science.Ivan A. Boldyrev - 2011 - Journal of Economic Methodology 18 (4):427-432.
  28.  40
    Dialectics and the Austrian School? The Search for Common Ground in the Methodology of Heterodox Economics.Andy Denis - 2008 - Journal of Philosophical Economics 1 (2):151-173.
    In a recent paper (Denis, 2004b) I argued that the neoclassical use of the concept of equilibrium was guilty of a hypostatisation: an equilibrium which is only an abstraction and extrapolation, the logical terminus of a component process taken in isolation, is extracted and one-sidedly substituted for the whole. The temporary is made permanent, and process subordinated to stasis, with clearly apologetic results. I concluded by suggesting that this hypostatisation exemplified the contrast between formal and dialectical modes of thought, and (...)
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  29.  11
    Remarks on 'The Methodology of Positive Economics'.Melvin W. Reder - 2003 - Journal of Economic Methodology 10 (4):527-530.
    Friedman's essay argued that the primary criterion of validity for economic models was not descriptive fidelity, but the accuracy and importance of the predictions generated by its implications. His argument was directed against a major current of mid?twentieth?century economics that sought to alter neoclassical theory by displacing the competitive firm as a centerpiece of price theory. The success of Friedman's counter argument was due not only to its cogency but also to major improvements in econometric techniques, data sources and (...)
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  30. The Methodology Rather Than the Rhetoric of Economics Mccloskey on Popper and Hume.Hugh V. Mclachlan & J. K. Swales - 1997 - Glasgow Caledonian University.
  31. The Methodology of Positive Economics.Milton Friedman - 1953 - In Essays in Positive Economics. University of Chicago Press. pp. 3-43.
  32.  29
    The Turn in Economics and the Turn in Economic Methodology.John B. Davis - 2007 - Journal of Economic Methodology 14 (3):275-290.
  33.  8
    Orthodox and Heterodox Economics in Recent Economic Methodology.D. Wade Hands - 2015 - Erasmus Journal for Philosophy and Economics 8 (1):61.
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  34.  57
    Review of Representation and Structure in Economics. The Methodology of Econometric Models of the Consumption Function. [REVIEW]Federica Russo - 2010 - Economics and Philosophy 26 (1):114-118.
  35.  46
    Ontology and Methodology in Economics: Daniel M. Hausman.Daniel M. Hausman - 1999 - Economics and Philosophy 15 (2):283-288.
  36.  15
    Review of The Methodology of Positive Economics: Reflections on the Milton Friedman Legacy. [REVIEW]Lawrence Boland - 2010 - Economics and Philosophy 26 (3):376-382.
  37.  65
    Rejoinder Error in Economics. Towards a More Evidence-Based Methodology , Julian Reiss, Routledge, 2007, XXIV + 246 Pages. [REVIEW]Julian Reiss - 2009 - Economics and Philosophy 25 (2):210-215.
  38.  12
    Classical Utilitarianism and the Methodology of Determinate Choice, in Economics and in Ethics.Tom Warke - 2000 - Journal of Economic Methodology 7 (3):373-394.
    This paper argues that modern economic theory is essentially utilitarian with one significant exception: its abandonment of a multi-dimensional conception of utility. The paper reviews three alternative methods by which utility can be portrayed as a one-dimensional, hence determinate, index of desire, while suggesting that none of them can command empirical support. A second theme of the paper is that classical utilitarianism, by denying the ontological existence of intrinsic worth, implies the coincidence of economic and ethical aggregate optimality: those choices (...)
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  39.  7
    Julian Reiss's Error in Economics: Towards a More Evidence-Based Methodology. London: Routledge, 2007, 272 Pp. [REVIEW]John Gerring - 2010 - Erasmus Journal for Philosophy and Economics 3 (1):89.
  40.  8
    No Methodology Without Ontology! Reorienting Economics.Mark Peacock - 2004 - Journal of Economic Methodology 11 (3):313-319.
  41.  71
    Economic Methodology: Understanding Economics as a Science, Marcel Boumans and John B. Davis (with Contributions From Mark Blaug, Harro Maas and Andrej Svorencik), Palgrave Macmillan, 2010, X + 209 Pages. [REVIEW]Mark Peacock - 2011 - Economics and Philosophy 27 (3):352-358.
  42.  19
    Review of Error in Economics. Towards a More Evidence-Based Methodology[REVIEW]David Teira - 2009 - Economics and Philosophy 25 (2):199-202.
  43.  14
    Review of The Methodology of Experimental Economics[REVIEW]Shepley Orr - 2007 - Economics and Philosophy 23 (3):401-407.
  44.  11
    Review of Error in Economics. Towards a More Evidence-Based Methodology[REVIEW]Julian Reiss - 2009 - Economics and Philosophy 25 (2):210-215.
  45.  21
    Introduction to Symposium on ‘Reflexivity and Economics: George Soros's Theory of Reflexivity and the Methodology of Economic Science’.D. Wade Hands - 2013 - Journal of Economic Methodology 20 (4):303-308.
  46.  17
    Reply to Lagueux: On a Revolution in Methodology of Economics.Don Ross - 2008 - Erasmus Journal for Philosophy and Economics 1 (1):56-60.
  47.  20
    'Ultra-Deductivism', Perfect Knowledge and the Methodology of Economics: Some Lingering Doubts.T. W. Hutchison - 1999 - Journal of Economic Methodology 6 (1):131-132.
  48.  27
    Comments on 'Error in Economics: Toward a More Evidence-Based Methodology' by Julian Reiss.John E. DiNardo - 2011 - Journal of Economic Methodology 18 (1):87-92.
    We find prejudices in favor of theory, as far back as there is institutionalized science. Plato and Aristotle frequented the Academy at Athens. That building is located on one side of the Agora, or market place. It is almost as far as possible from the Herculaneum, the temple to the goddess of fire, the patron of the metallurgists. It is ?on the other side of the tracks?. True to this class distinction, we all know a little about Greek geometry and (...)
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  49.  2
    Hsiang-Ke Chao's Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function. London: Routledge, 2008, 176 Pp. [REVIEW]Christopher Gilbert - 2010 - Erasmus Journal for Philosophy and Economics 3 (2):136.
  50.  22
    Schutzian Methodology as a Progressive Research Agenda Commentary on Lester Embree’s “Economics in the Context of Alfred Schütz’s Theory of Science”.Petrik Runst - 2010 - Schutzian Research 2:153-161.
    This article discusses two central methodological postulates (adequacy and subjective meaning) pertaining to the social sciences brought forward by Alfred Schütz, and as presented by Lester Embree’s ‘Economics in the Context of Alfred Schütz’s Theory of Science’. The relationship between the postulates and the actual practice of economics is discussed. The author shows how Schütz’s writings describe a spectrum of methods that ranges from low abstraction and an attempt to understand individual plans and purposes on the one hand (...)
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