' and recent neoclassical economists' economics as the optimal use of scare resources. Commitment to first principles risks …The role of first principles in economics is examined through the lens of dominant methodological approaches of the … first principles as the basis for deductivist approaches to economics and the widespread belief that economics is an …

economics and in nearly half in macroeconomics. Surprisingly, its rise as an essential element in the vocabulary of economists …Shock is a term of art that pervades modern economics appearing in nearly a quarter of all journal articles in …. Aswell as documenting a critical conceptual development in economics, the history of shocks provides a case study that …

his engagement with the work of the philosopher Hans Reichenbach, into his economics. His philosophical commitments are … clearly reflected in this empirical work on monetary economics, his monetarist analysis, and in his critical approach to …

marginalist economists and possessed a deeper appreciation of his mathematical approach. While Peirce's contributions to economics …Standard histories of economics usually treat the "marginal revolution" of the midnineteenth century as both … supplanting the "classical" economics of Smith and Ricardo and as advancing the idea of economics as a mathematical science. The …