This is a survey of mainstream economic methodology, both in the sense of mainstream methodology and of mainstream economics. Tensions are identified in methodology resulting from an increasing preference for descriptivism over prescriptivism, and in economics resulting from an increasing...

This article offers a critique of the horizontalist view of money that banks are passive in the face of credit demand. It is argued that banks' liquidity preference influences their responsiveness to the demand for credit. Their liquidity preference is expressed in risk assessment (understood in...

Neoclassical economics continues to hold a particularly strong appeal for economists, in spite of concerns about its internal logic and applicability to policy issues. This appeal can be understood in terms of Keynes's system of logic which established grounds for rational belief when knowledge...

It is the purpose of this paper to elaborate on the argument that formalism is non-neutral; analyses which today would be described as informal turn into something quite different when formalised. The reasons for non-neutrality refer to the choice of assumptions or axioms, the choice of method,...

The presence or absence of dualism can be crucial to the development of economic theory and our understanding of it. Dualism is inherent to the methodology of mainstream economics. But, while it is often assumed in the conventional terminology of economics, dualism is not a necessary...