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Rational expectations : retrospect and prospect
Lovell, Michael C. (panelist); Lucas, Robert E. (panelist);  … - 2011
Theory of Price Movements" (Econometrica 1961). The panel consists of Michael Lovell, Robert Lucas, Dale Mortensen, Robert …
Persistent link: https://www.econbiz.de/10011603748
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Man and machine in macroeconomics
Hoover, Kevin D. - 2012
The potted histories of macroeconomics textbooks are typically Keynes-centric. Keynes is credited with founding macroeconomics, and the central developments in the field through the early 1970s, including large-scale macroeconometric models are usually termed "Keynesian." The story of...
Persistent link: https://www.econbiz.de/10011708002
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Reductionism in economics : causality and intentionality in the microfoundations of macroeconomics
Hoover, Kevin D. - 2014 - revised 7 February 2014
In many sciences - physical, but also biology, neuroscience, and other life sciences - one object of reductionism is to purge intentionality from the fundamental basis of both explanations and the explanatory target. The scientifically relevant level - ontologically and epistemologically - is...
Persistent link: https://www.econbiz.de/10011706671
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Karl Brunner's philosophy of science : macroeconomics through the lens of logical empiricism
Hoover, Kevin D. - 2018
Best known as a monetary economist and prominent proponent of monetarism, Karl Brunner was deeply knowledgeable about the philosophy of science and attempted to explicitly integrate logical empiricist thinking, derived in some measure from his engagement with the work of the philosopher Hans...
Persistent link: https://www.econbiz.de/10011903527
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Of positivism and the history of economic thought
Caldwell, Bruce - 2013
The rhetoric of positivism had a profound effect on the worldview and practice of economists in the middle of the last century. Though this influence has greatly diminished, it still may be found in the attitude of many economists towards the history of their discipline. This paper traces the...
Persistent link: https://www.econbiz.de/10011707985
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F.A. Hayek and the economic calculus
Caldwell, Bruce - 2015
because it never led to any published work. Finally, the paper examines Hayek's attempt to articulate a theory of the market … Virginia. He never developed a full‐fledged formal theory, but his failed efforts still bore fruit in leading him to his … contributions on spontaneous orders and the (verbal) theory of complex phenomena. This work anticipated contributions by others who …
Persistent link: https://www.econbiz.de/10011602560
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A review of James Forder's "Macroeconomics and the Phillips curve myth"
Hoover, Kevin D. - 2015
Persistent link: https://www.econbiz.de/10011602776
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First principles, fallibilism, and economics
Hoover, Kevin D. - 2017 - Revised, 1 January 2017
The role of first principles in economics is examined through the lens of dominant methodological approaches of the classical and neoclassical periods. First principles are most clearly displayed in pure deductive systems. The tension between first principles as the basis for deductivist...
Persistent link: https://www.econbiz.de/10011610133
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Ricardian inference : Charles S. Peirce, economics, and scientific method
Hoover, Kevin D.; Wible, James R. - 2017 - Revised, 10 July 2017
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 marginalists - especially Jevons and Walras - viewed...
Persistent link: https://www.econbiz.de/10011695287