The philosophy of science known as critical realism, as developed in economics, offers both a methodological critique of mainstream economics and a methodological foundation for alternative economic perspectives. Post Keynesian economics is a school of thought that has often been defined in...

The outburst of the 2008 global economic crisis sparked a myriad of criticism on mainstream neoclassical economic theory, held responsible for not even have considered the possibility of the kind of collapse that the subprime mortgage meltdown unleashed. In this paper, it is argued that what...

The first edition of Mark's Economic Theory in Retrospect (1962) includes a chapter on methodology, ‘A Methodological Postscript,' which starts with four big epistemological and methodological questions: ‘What do economists know? How much does economics explain? What are the principles upon...

This paper is about the classic methods used in the analysis of economics. More precisely, the R.B.Q. (Rational, Behavioral, and Quantified) model is about rational economics and behavioral economic analysis in conjunction with the quantification procedure (Q.E. method). Therefore, in this work...