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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

Clower's about-face regarding the "Keynesian Revolution"

Plassard, Romain - 2015

Robert W. Clower's article "The Keynesian Counter - Revolution: A Theoretical Appraisal" (1965) deeply influenced the course of Keynesian macroeconomics by contributing to the transition from IS/LM macroeconomics to fix - price theories. Des pite this influence, no scholar proposed to explain...

Persistent link: https://www.econbiz.de/10011602774

Disequilibrium as the origin, originality, and ambivalences of Clower's microfoundations of monetary theory

Plassard, Romain - 2016

Robert W. Clower's article "A Reconsideration of the Microfoundations of Monetary Theory" (1967) deeply influenced the … monetary and Walrasian value theory. On the other hand, it was the fountainhead of the cash-in-advance models à la Robert J …. Lucas (1980), one of the most widely used approaches to monetary theory since the 1980s. Despite this influence, there is no …

Persistent link: https://www.econbiz.de/10011609470

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

A review of James Forder's "Macroeconomics and the Phillips curve myth"

Hoover, Kevin D. - 2015

Persistent link: https://www.econbiz.de/10011602776

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