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Ever since the inception of economics over two hundred years ago, the tools at the discipline’s disposal have grown more and more more sophisticated. This book provides a historical introduction to the methodology of economics through the eyes of economists. The story begins with John Stuart Mill's seminal essay from 1836 on the definition and method of political economy, which is then followed by an examination of how the actual practices of economists changed over time to such an extent that they not only altered their methods of enquiry, but also their self-perception as economists. Beginning as intellectuals and journalists operating to a large extent in the public sphere, they then transformed into experts who developed their tools of research increasingly behind the scenes. No longer did they try to influence policy agendas through public discourse; rather they targeted policymakers directly and with instruments that showed them as independent and objective policy advisors, the tools of the trade changing all the while. In order to shed light on this evolution of economic methodology, this book takes carefully selected snapshots from the discipline’s history. It tracks the process of development through the nineteenth and twentieth centuries, analysing the growth of empirical and mathematical modelling. It also looks at the emergence of the experiment in economics, in addition to the similarities and differences between modelling and experimentation. This book will be relevant reading for students and academics in the fields of economic methodology, history of economics, and history and philosophy of the social sciences.
A multidisciplinary reference in which over 100 commissioned essays provide details of topics and issues that have developed in recent decades and introduce a variety of emerging themes that economic methodologists have begun to explore. The encyclopedia- type articles discuss such topics as aggregation, evolutionary economics, Otto Neurath, survey methods, Thorstein Veblen, selectionist arguments, the marginalist controversy, game theory, economic sociology, and causality. Each includes an extensive bibliography. Practicing economists and students of the philosophy or history of economics might find useful information and an entry into deeper investigation. Annotation copyrighted by Book News, Inc., Portland, OR
In recent years there has been a flowering of work on economic methodology. However there is no longer any consensus about which direction this should take or, indeed, even what the role and content of economic methodology should be. This book reflects this diversity. Its contributors are responsible for the major developments in this field and tog
Economic Methodology explores the status and character of economics as a social science and introduces students to philosophical issues underlying modern science. Approaching the subject as philosophy of science for economists, the authors use the historical developments in philosophy of science to frame this introduction to the field of economic methodology. By doing this they strengthen students' understanding of economics as a science to enhance their reasoning skills, introducing them to the wider philosophical issues surrounding our understanding of the area.
This book brings together, for the first time, philosophers of pragmatism and economists interested in methodological questions. The main theoretical thrust of Dewey is to unite inquiry with behavior and this book's contributions assess this insight in the light of developments in modern American philosophy, social and legal theories, and the theor
This book is a comprehensive and often controversial survey of economic methodology.
Since its publication in 1982, Beyond Positivism has become established as one of the definitive statements on economic methodology. The book‘s rejection of positivism and its advocacy of pluralism were to have a profound influence in the flowering of work methodology that has taken place in economics in the decade since its publication. This editi
In 21 prescriptive rather than descriptive treatments, well known academic economists set out how they think the discipline should be practiced both internally and in relation to other fields and arenas of society. They explore economics as a historical process and as a public science, realism in model buildings, social science, normative and positive aspects, extracting information from data, and worthwhile economics. Annotation copyright by Book News, Inc., Portland, OR.
Economics is often defined as the science of choice or human action. But choice and action are essentially mental phenomena, an aspect rarely mentioned in the economics discourse. Choice, while not always a conscious or rational process, is held to involve beliefs, desires, intentions and arguably even free will. Actions are often opposed to mere bodily movements, with the former being in some sense only understandable in reference to mental processes while the latter are understandable in entirely non-mental, physical terms. While philosophers have long concerned themselves with the connections between these concepts, economists have tended to steer clear of what might appear to be an a priori debate. At the same time, philosophers working on these important notions have tended to not dirty their hands with the empirical, real-world applications in which economists are specialized. This volume fills these gaps by bringing economists and philosophers of mind together to explore the intersection of their disciplines.
Looks at ways to increase the scope and power of institutional economics. Different approaches to economic methodology are considered and the broader notions of rationality offered by institutional economics are discussed.